Ultra Electronics Holdings plc Earns “Neutral” Rating from Espirito Santo Investment Bank Research (ULE)
Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “neutral” rating reaffirmed by research analysts at Espirito Santo Investment Bank Research in a report released on Friday. They currently have a GBX 2,000 ($33.43) price objective on the stock. Espirito Santo Investment Bank Research’s target price points to a potential upside of 10.74% from the stock’s previous close.
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1814.00 on Friday. Ultra Electronics Holdings plc has a one year low of GBX 1642.00 and a one year high of GBX 1987.0001. The stock has a 50-day moving average of GBX 1787. and a 200-day moving average of GBX 1812.. The company’s market cap is £1.263 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, August 27th will be paid a dividend of GBX 13.20 ($0.22) per share. This represents a dividend 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 Liberum Capital reiterated a “buy” rating on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 7th. They now have a GBX 1,985 ($33.18) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Ultra Electronics Holdings plc from GBX 1,750 ($29.25) to GBX 1,700 ($28.42) in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Ultra Electronics Holdings plc in a research note on Monday, August 4th. They now have a GBX 2,100 ($35.11) price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,962.50 ($32.81).
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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