JPMorgan Chase & Co. Raises Ultra Electronics Holdings plc (ULE) Price Target to GBX 2,130
Ultra Electronics Holdings plc (LON:ULE) had its target price upped by equities research analysts at JPMorgan Chase & Co. from GBX 1,850 ($22.90) to GBX 2,130 ($26.36) in a research report issued on Monday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 13.96% from the stock’s current price.
ULE has been the topic of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 1,933 ($23.92) price target on shares of Ultra Electronics Holdings plc in a research report on Sunday, September 11th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,732 ($21.44) price target (down previously from GBX 1,835 ($22.71)) on shares of Ultra Electronics Holdings plc in a research report on Friday, June 24th. Investec reaffirmed a “buy” rating and set a GBX 2,000 ($24.75) price target on shares of Ultra Electronics Holdings plc in a research report on Monday, August 1st. Berenberg Bank cut their price target on shares of Ultra Electronics Holdings plc from GBX 2,100 ($25.99) to GBX 2,000 ($24.75) and set a “buy” rating on the stock in a research report on Tuesday, September 6th. Finally, Liberum Capital reissued a “hold” rating on shares of Ultra Electronics Holdings plc in a research report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,924.74 ($23.82).
Ultra Electronics Holdings plc (LON:ULE) traded up 1.25% during mid-day trading on Monday, hitting GBX 1869.00. The company had a trading volume of 232,658 shares. The company’s 50 day moving average price is GBX 1,745.31 and its 200-day moving average price is GBX 1,742.36. Ultra Electronics Holdings plc has a 12-month low of GBX 1,573.00 and a 12-month high of GBX 2,044.00. The firm’s market capitalization is GBX 1.31 billion.
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The firm also recently announced a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, September 1st were issued a GBX 14.20 ($0.18) dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a dividend yield of 0.83%.
Ultra Electronics Holdings plc Company Profile
Ultra Electronics Holdings plc is a United Kingdom-based company, which manages a portfolio of solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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