Ultra Electronics Holdings plc (ULE) Given Consensus Recommendation of “Hold” by Brokerages

Ultra Electronics Holdings plc (LON:ULE) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,720.71 ($23.33).

A number of brokerages have issued reports on ULE. Liberum Capital reissued a “buy” rating and issued a GBX 1,800 ($24.41) price target on shares of Ultra Electronics in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised Ultra Electronics to an “overweight” rating and reduced their price objective for the company from GBX 1,735 ($23.53) to GBX 1,675 ($22.71) in a research note on Friday, January 12th. Berenberg Bank reduced their price objective on Ultra Electronics from GBX 1,550 ($21.02) to GBX 1,300 ($17.63) and set a “sell” rating on the stock in a research note on Friday, January 5th. Kepler Capital Markets reduced their price objective 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 note on Tuesday, November 14th. Finally, Barclays reduced their price objective 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 note on Monday, December 18th.

Shares of Ultra Electronics (LON:ULE) opened at GBX 1,450 ($19.66) on Friday. Ultra Electronics has a 52 week low of GBX 1,138 ($15.43) and a 52 week high of GBX 2,245 ($30.44). The stock has a market capitalization of $1,130.00 and a PE ratio of 1,768.29.

In related news, insider Sir Robert Walmsley purchased 1,000 shares of Ultra Electronics stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of GBX 1,196 ($16.22) per share, with a total value of £11,960 ($16,219.15). Also, insider K Thomson purchased 804 shares of Ultra Electronics stock in a transaction that occurred on Thursday, November 23rd. The shares were bought at an average cost of GBX 1,218 ($16.52) per share, for a total transaction of £9,792.72 ($13,280.07). Insiders bought a total of 10,842 shares of company stock worth $13,125,944 over the last ninety days.

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About Ultra Electronics

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)

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