Ultra Electronics Holdings plc Given New GBX 1,700 Price Target at Deutsche Bank (ULE)
Equities research analysts at Deutsche Bank decreased their target price on shares of Ultra Electronics Holdings plc (LON:ULE) from GBX 1,750 ($29.45) to GBX 1,700 ($28.61) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 1.73% from the stock’s previous close.
Shares of Ultra Electronics Holdings plc (LON:ULE) traded down 1.70% during mid-day trading on Tuesday, hitting GBX 1729.9999. The stock had a trading volume of 64,164 shares. Ultra Electronics Holdings plc has a 1-year low of GBX 1642.00 and a 1-year high of GBX 2003.00. The stock’s 50-day moving average is GBX 1811. and its 200-day moving average is GBX 1826.93. The company’s market cap is £1.204 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 13.20 ($0.22) per share. This represents a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other analysts have also recently weighed in on ULE. Analysts at Investec reiterated a “buy” rating on shares of Ultra Electronics Holdings plc in a research note on Monday. They now have a GBX 2,100 ($35.34) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ultra Electronics Holdings plc in a research note on Monday. They now have a GBX 2,000 ($33.65) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Ultra Electronics Holdings plc in a research note on Tuesday, July 29th. They now have a GBX 2,000 ($33.65) price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,959.50 ($32.97).
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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