Ultra Electronics Holdings plc Stock Rating Reaffirmed by Liberum Capital (ULE)
Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 1,985 ($33.40) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 14.08% from the company’s current price.
Ultra Electronics Holdings plc (LON:ULE) traded up 0.12% during mid-day trading on Thursday, hitting GBX 1740.00. The stock had a trading volume of 53,382 shares. Ultra Electronics Holdings plc has a 1-year low of GBX 1642.00 and a 1-year high of GBX 2003.0001. The stock’s 50-day moving average is GBX 1806. and its 200-day moving average is GBX 1824.. The company’s market cap is £1.211 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Investors 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Ultra Electronics Holdings plc from GBX 1,750 ($29.45) to GBX 1,700 ($28.61) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,962.50 ($33.02).
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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