Ultra Electronics Holdings plc (LON:ULE) had its price target lowered by Barclays PLC from GBX 2,085 ($27.07) to GBX 2,045 ($26.55) in a report issued on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s target price would suggest a potential upside of 10.54% from the company’s previous close.

ULE has been the topic of several other reports. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,350 ($30.51) price objective on shares of Ultra Electronics Holdings plc in a research note on Friday, April 21st. Liberum Capital restated a “buy” rating and set a GBX 2,300 ($29.86) price objective on shares of Ultra Electronics Holdings plc in a research note on Friday, July 7th. Investec restated a “buy” rating and set a GBX 2,300 ($29.86) price objective on shares of Ultra Electronics Holdings plc in a research note on Thursday, June 22nd. Kepler Capital Markets restated a “buy” rating and set a GBX 2,300 ($29.86) price objective on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reduced their price objective on Ultra Electronics Holdings plc from GBX 2,100 ($27.26) to GBX 2,050 ($26.61) and set a “hold” rating on the stock in a research note on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,196 ($28.51).

Shares of Ultra Electronics Holdings plc (LON ULE) traded down 2.32% during mid-day trading on Thursday, hitting GBX 1850.00. 170,887 shares of the stock traded hands. The stock has a 50-day moving average of GBX 2,020.00 and a 200 day moving average of GBX 2,047.05. Ultra Electronics Holdings plc has a one year low of GBX 1,649.00 and a one year high of GBX 2,245.00. The stock’s market cap is GBX 1.44 billion.

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In other Ultra Electronics Holdings plc news, insider Martin Broadhurst purchased 600 shares of the stock in a transaction dated Wednesday, August 9th. The shares were bought at an average cost of GBX 1,901 ($24.68) per share, with a total value of £11,406 ($14,807.22). Also, insider Ami Sharma purchased 786 shares of the stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of GBX 1,895 ($24.60) per share, for a total transaction of £14,894.70 ($19,336.23). Insiders acquired 1,801 shares of company stock worth $3,444,076 over the last quarter.

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.

Analyst Recommendations for Ultra Electronics Holdings plc (LON:ULE)

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