Ultra Electronics Holdings plc (ULE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Ultra Electronics Holdings plc (LON:ULE) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 2,201 ($28.43).
A number of research analysts have issued reports on ULE shares. Liberum Capital restated a “buy” rating and issued a GBX 2,300 ($29.70) price objective on shares of Ultra Electronics Holdings plc in a research note on Friday, July 7th. Deutsche Bank AG upped their price objective on Ultra Electronics Holdings plc from GBX 2,040 ($26.35) to GBX 2,080 ($26.86) and gave the company a “hold” rating in a research note on Thursday, August 31st. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,350 ($30.35) price objective on shares of Ultra Electronics Holdings plc in a research note on Tuesday, June 27th. Barclays PLC cut their price target on Ultra Electronics Holdings plc from GBX 2,085 ($26.93) to GBX 2,045 ($26.41) and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, Kepler Capital Markets reiterated a “buy” rating and set a GBX 2,300 ($29.70) price target on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd.
Ultra Electronics Holdings plc (LON ULE) opened at 1759.00 on Friday. The company’s market capitalization is GBX 1.24 billion. The firm’s 50-day moving average is GBX 1,896.73 and its 200-day moving average is GBX 2,034.88. Ultra Electronics Holdings plc has a 52-week low of GBX 1,735.66 and a 52-week high of GBX 2,245.00.
The company also recently disclosed a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 31st will be issued a dividend of GBX 14.60 ($0.19) per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 0.77%.
In related news, insider Ami Sharma purchased 786 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of GBX 1,895 ($24.47) per share, with a total value of £14,894.70 ($19,236.34). Also, insider Sir Robert Walmsley purchased 400 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of GBX 1,957 ($25.27) per share, for a total transaction of £7,828 ($10,109.78). Over the last three months, insiders have purchased 2,891 shares of company stock worth $5,415,635.
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.
Receive News & Ratings for Ultra Electronics Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.