Ultra Electronics (LON:ULE) had its price objective dropped by Barclays from GBX 2,045 ($27.52) to GBX 1,290 ($17.36) in a report issued on Monday. The firm presently has an “equal weight” rating on the stock. Barclays’ price target points to a potential downside of 1.17% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,800 ($24.23) price objective on shares of Ultra Electronics in a research note on Monday, November 27th. Kepler Capital Markets lowered their price objective on shares of Ultra Electronics from GBX 2,300 ($30.96) to GBX 1,600 ($21.53) and set a “buy” rating for the company in a research note on Tuesday, November 14th. Deutsche Bank upped their price objective on shares of Ultra Electronics from GBX 2,040 ($27.46) to GBX 2,080 ($27.99) and gave the company a “hold” rating in a research note on Thursday, August 31st. J P Morgan Chase & Co downgraded shares of Ultra Electronics to a “neutral” rating and lowered their price objective for the company from GBX 2,420 ($32.57) to GBX 1,785 ($24.02) in a research note on Monday, November 13th. Finally, Berenberg Bank downgraded shares of Ultra Electronics to a “sell” rating and lowered their price objective for the company from GBX 2,250 ($30.28) to GBX 1,550 ($20.86) in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,772.14 ($23.85).
Shares of Ultra Electronics (ULE) traded up GBX 11.28 ($0.15) during trading hours on Monday, hitting GBX 1,305.28 ($17.57). 343,704 shares of the stock traded hands, compared to its average volume of 750,271. Ultra Electronics has a 52-week low of GBX 1,138 ($15.32) and a 52-week high of GBX 2,245 ($30.22).
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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.
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