Ultra Electronics Holdings plc (ULE) Receives Buy Rating from Liberum Capital
Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 2,300 ($29.92) price objective on the stock. Liberum Capital’s target price would suggest a potential upside of 10.31% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Kepler Capital Markets raised shares of Ultra Electronics Holdings plc from a “hold” rating to a “buy” rating and increased their target price for the company from GBX 1,930 ($25.11) to GBX 2,300 ($29.92) in a research report on Friday, February 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,000 ($26.02) target price on shares of Ultra Electronics Holdings plc in a research report on Thursday, February 9th. Barclays PLC increased their target price on shares of Ultra Electronics Holdings plc from GBX 1,990 ($25.89) to GBX 2,140 ($27.84) and gave the company an “equal weight” rating in a research report on Monday, March 20th. Deutsche Bank AG dropped their target price on shares of Ultra Electronics Holdings plc from GBX 2,100 ($27.32) to GBX 2,050 ($26.67) and set a “hold” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,350 ($30.57) target price on shares of Ultra Electronics Holdings plc in a research report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ultra Electronics Holdings plc presently has a consensus rating of “Buy” and an average price target of GBX 2,144.78 ($27.90).
Ultra Electronics Holdings plc (LON:ULE) traded up 1.21% during midday trading on Monday, hitting GBX 2085.00. 178,129 shares of the stock traded hands. The stock’s market cap is GBX 1.46 billion. Ultra Electronics Holdings plc has a one year low of GBX 1,573.00 and a one year high of GBX 2,245.00. The company has a 50-day moving average price of GBX 2,079.59 and a 200 day moving average price of GBX 1,995.07.
The firm also recently disclosed a dividend, which was paid on Thursday, May 4th. Shareholders of record on Thursday, April 6th were given a dividend of GBX 33.60 ($0.44) per share. This is an increase from Ultra Electronics Holdings plc’s previous dividend of $14.20. This represents a yield of 1.62%. The ex-dividend date of this dividend was Thursday, April 6th.
Ultra Electronics Holdings plc Company Profile
Ultra Electronics Holdings plc provides 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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