Ultra Electronics Holdings plc (LON:ULE) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,201 ($28.94).

A number of research analysts have recently commented on the company. Liberum Capital reissued a “buy” rating and set a GBX 2,300 ($30.24) price objective on shares of Ultra Electronics Holdings plc in a report on Thursday, June 22nd. Investec reissued a “buy” rating and set a GBX 2,300 ($30.24) price objective on shares of Ultra Electronics Holdings plc in a report on Thursday, June 22nd. Deutsche Bank AG reissued a “hold” rating and set a GBX 2,050 ($26.95) price objective on shares of Ultra Electronics Holdings plc in a report on Friday, July 7th. J P Morgan Chase & Co increased their price objective on Ultra Electronics Holdings plc from GBX 2,350 ($30.90) to GBX 2,400 ($31.55) and gave the company an “overweight” rating in a report on Wednesday, July 5th. Finally, Kepler Capital Markets reissued a “buy” rating and set a GBX 2,300 ($30.24) price objective on shares of Ultra Electronics Holdings plc in a report on Thursday, August 3rd.

In other news, insider Martin Broadhurst acquired 600 shares of Ultra Electronics Holdings plc stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of GBX 1,901 ($24.99) per share, for a total transaction of £11,406 ($14,996.06). Also, insider Ami Sharma acquired 786 shares of Ultra Electronics Holdings plc stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of GBX 1,895 ($24.91) per share, with a total value of £14,894.70 ($19,582.83). In the last 90 days, insiders have purchased 2,891 shares of company stock valued at $5,413,763.

Ultra Electronics Holdings plc (LON ULE) opened at 1845.00 on Thursday. The company’s 50-day moving average price is GBX 1,802.57 and its 200 day moving average price is GBX 1,994.22. The firm’s market capitalization is GBX 1.30 billion. Ultra Electronics Holdings plc has a 52-week low of GBX 1,715.00 and a 52-week high of GBX 2,245.00.

The firm also recently announced a dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 31st were paid a dividend of GBX 14.60 ($0.19) per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a yield of 0.77%.

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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.

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

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