Ultra Electronics Holdings plc (ULE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ultra Electronics Holdings plc (LON:ULE) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three 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 1,886.63 ($25.27).

Several equities analysts have issued reports on ULE shares. Kepler Capital Markets reiterated a “buy” rating and set a GBX 2,300 ($30.80) target price on shares of Ultra Electronics in a research report on Thursday, August 3rd. Liberum Capital reiterated a “buy” rating and issued a GBX 1,800 ($24.11) price target on shares of Ultra Electronics in a report on Monday. Berenberg Bank downgraded Ultra Electronics to a “sell” rating and lowered their target price for the company from GBX 2,250 ($30.13) to GBX 1,550 ($20.76) in a research note on Friday, November 10th. Barclays decreased their price target on Ultra Electronics from GBX 2,085 ($27.92) to GBX 2,045 ($27.39) and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, Deutsche Bank raised their target price on shares of Ultra Electronics from GBX 2,040 ($27.32) to GBX 2,080 ($27.86) and gave the stock a “hold” rating in a report on Thursday, August 31st.

Ultra Electronics (LON ULE) opened at GBX 1,290 ($17.28) on Friday. Ultra Electronics has a twelve month low of GBX 1,138 ($15.24) and a twelve month high of GBX 2,245 ($30.07).

In other news, insider Rakesh Sharma purchased 543 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of GBX 1,829 ($24.49) per share, for a total transaction of £9,931.47 ($13,300.48). Also, insider Sir Robert Walmsley purchased 1,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of GBX 1,196 ($16.02) per share, for a total transaction of £11,960 ($16,017.14). In the last ninety days, insiders purchased 11,923 shares of company stock valued at $15,094,969.

COPYRIGHT VIOLATION NOTICE: “Ultra Electronics Holdings plc (ULE) Receives Consensus Recommendation of “Hold” from Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/ultra-electronics-holdings-plc-ule-receives-consensus-recommendation-of-hold-from-brokerages.html.

Ultra Electronics 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 (LON:ULE)

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.

Leave a Reply