Ultra Electronics (LON:ULE) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a report released on Friday. The brokerage presently has a GBX 1,675 ($22.71) price objective on the stock, down from their previous price objective of GBX 1,735 ($23.53). JPMorgan Chase & Co.’s price target would suggest a potential upside of 11.89% from the stock’s previous close.
ULE has been the topic of several other research reports. Berenberg Bank lowered Ultra Electronics to a “sell” rating and lowered their price target for the stock from GBX 2,250 ($30.51) to GBX 1,550 ($21.02) in a research report on Friday, November 10th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,300 ($31.19) price target on shares of Ultra Electronics in a research report on Friday, November 10th. Barclays lowered their price target on Ultra Electronics from GBX 2,045 ($27.73) to GBX 1,290 ($17.49) and set an “equal weight” rating on the stock in a research report on Monday, December 18th. Finally, Kepler Capital Markets lowered their price target on Ultra Electronics from GBX 2,300 ($31.19) to GBX 1,600 ($21.70) and set a “buy” rating on the stock in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,720.71 ($23.33).
Ultra Electronics (LON ULE) traded down GBX 18 ($0.24) during trading hours on Friday, hitting GBX 1,497 ($20.30). The company’s stock had a trading volume of 525,440 shares, compared to its average volume of 457,018. The firm has a market cap of $1,160.00 and a price-to-earnings ratio of 1,825.61. Ultra Electronics has a 52-week low of GBX 1,138 ($15.43) and a 52-week high of GBX 2,245 ($30.44).
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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