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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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