Ultra Electronics Holdings plc (ULE) Receives Consensus Recommendation of “Buy” from Analysts
Ultra Electronics Holdings plc (LON:ULE) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,921.14 ($23.78).
A number of equities analysts have recently weighed in on ULE shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,100 ($25.99) target price on shares of Ultra Electronics Holdings plc in a research note on Wednesday, June 15th. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,732 ($21.44) target price (down previously from GBX 1,835 ($22.71)) on shares of Ultra Electronics Holdings plc in a research note on Friday, June 24th. Goldman Sachs Group Inc. cut their target price on Ultra Electronics Holdings plc from GBX 1,963 ($24.29) to GBX 1,954 ($24.18) and set a “neutral” rating on the stock in a research note on Monday, June 27th. Canaccord Genuity cut their target price on Ultra Electronics Holdings plc from GBX 2,025 ($25.06) to GBX 1,980 ($24.50) and set a “buy” rating on the stock in a research note on Thursday, June 30th. Finally, Investec restated a “buy” rating and issued a GBX 2,000 ($24.75) target price on shares of Ultra Electronics Holdings plc in a research note on Monday, August 1st.
Ultra Electronics Holdings plc (LON:ULE) traded up 1.50% during trading on Tuesday, reaching GBX 1897.00. The company’s stock had a trading volume of 244,144 shares. The company’s market cap is GBX 1.33 billion. 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 stock’s 50 day moving average is GBX 1,745.31 and its 200 day moving average is GBX 1,742.36.
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The company also recently disclosed a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, September 1st were paid a GBX 14.20 ($0.18) dividend. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.83%.
About Ultra Electronics Holdings plc
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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