Ultra Electronics Holdings plc (LON:ULE) PT Raised to GBX 2,400 at J P Morgan Chase & Co
Ultra Electronics Holdings plc (LON:ULE) had its price target boosted by equities researchers at J P Morgan Chase & Co from GBX 2,350 ($30.44) to GBX 2,400 ($31.09) in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 17.76% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 2,300 ($29.79) target price on shares of Ultra Electronics Holdings plc in a report on Thursday, June 22nd. Investec reiterated a “buy” rating and issued a GBX 2,300 ($29.79) price target on shares of Ultra Electronics Holdings plc in a research note on Thursday, June 22nd. Deutsche Bank AG dropped their price target on shares of Ultra Electronics Holdings plc from GBX 2,100 ($27.20) to GBX 2,050 ($26.55) and set a “hold” rating on the stock in a research note on Thursday, May 18th. Berenberg Bank cut shares of Ultra Electronics Holdings plc to a “hold” rating and upped their price target for the stock from GBX 2,000 ($25.91) to GBX 2,250 ($29.15) in a research note on Friday, March 10th. Finally, Barclays PLC upped their price target on shares of Ultra Electronics Holdings plc from GBX 1,990 ($25.78) to GBX 2,140 ($27.72) and gave the stock an “equal weight” rating in a research note on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,183.67 ($28.29).
Shares of Ultra Electronics Holdings plc (LON ULE) traded up 2.36% during mid-day trading on Wednesday, hitting GBX 2038.00. 184,249 shares of the stock traded hands. The company’s 50-day moving average price is GBX 2,087.29 and its 200 day moving average price is GBX 2,022.07. The company’s market capitalization is GBX 1.43 billion. Ultra Electronics Holdings plc has a 1-year low of GBX 1,649.00 and a 1-year high of GBX 2,245.00.
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About Ultra Electronics Holdings plc
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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