Ultra Electronics Holdings plc Coverage Initiated by Analysts at Berenberg Bank (ULE)
Berenberg Bank began coverage on shares of Ultra Electronics Holdings plc (LON:ULE) in a research note issued on Tuesday. The firm set a “hold” rating and a GBX 1,970 ($33.44) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 7.07% from the stock’s previous close.
A number of other analysts have also recently weighed in on ULE. Analysts at Investec upgraded shares of Ultra Electronics Holdings plc to a “buy” rating in a research note on Tuesday, June 10th. They now have a GBX 2,100 ($35.65) price target on the stock, up previously from GBX 1,930 ($32.76). Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ultra Electronics Holdings plc in a research note on Monday, May 12th. They now have a GBX 1,860 ($31.57) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Ultra Electronics Holdings plc in a research note on Thursday, May 1st. They now have a GBX 1,765 ($29.96) price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,966 ($33.37).
Ultra Electronics Holdings plc (LON:ULE) traded down 0.70% during mid-day trading on Tuesday, hitting GBX 1840.00. The stock had a trading volume of 99,747 shares. Ultra Electronics Holdings plc has a one year low of GBX 1588.00 and a one year high of GBX 2003.0001. The stock has a 50-day moving average of GBX 1796. and a 200-day moving average of GBX 1845.. The company’s market cap is £1.280 billion.
Ultra Electronics Holdings plc is a holding company. It is a group of specialist businesses designing, manufacturing and supporting electronic, electro-mechanical and software systems, sub-systems and products for defense, security, transport and energy applications worldwide.
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