Ultra Electronics Holdings plc Receives Consensus Rating of “Buy” from Brokerages (LON:ULE)
Shares of Ultra Electronics Holdings plc (LON:ULE) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, Stock Ratings Network.com reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,962.50 ($32.48).
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1784.00 on Friday. Ultra Electronics Holdings plc has a 1-year low of GBX 1642.00 and a 1-year high of GBX 1987.0001. The stock’s 50-day moving average is GBX 1785. and its 200-day moving average is GBX 1808.. The company’s market cap is £1.242 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Stockholders 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.
Several analysts have recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Ultra Electronics Holdings plc in a research note on Friday, August 22nd. They now have a GBX 2,000 ($33.10) price target on the stock. Separately, 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 ($32.85) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Ultra Electronics Holdings plc from GBX 1,750 ($28.96) to GBX 1,700 ($28.13) in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock.
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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