Ultra Electronics Holdings plc (LON:ULE) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,720.71 ($23.77).
Several brokerages have recently commented on ULE. Liberum Capital restated a “buy” rating and issued a GBX 1,800 ($24.87) target price on shares of Ultra Electronics in a research note on Thursday, January 11th. Kepler Capital Markets reduced their target price on shares of Ultra Electronics from GBX 2,300 ($31.78) to GBX 1,600 ($22.11) and set a “buy” rating on the stock in a research note on Tuesday, November 14th. JPMorgan Chase & Co. downgraded shares of Ultra Electronics to a “neutral” rating and reduced their target price for the company from GBX 2,420 ($33.43) to GBX 1,785 ($24.66) in a research note on Monday, November 13th. Barclays reduced their target price on shares of Ultra Electronics from GBX 2,045 ($28.25) to GBX 1,290 ($17.82) and set an “equal weight” rating on the stock in a research note on Monday, December 18th. Finally, Berenberg Bank downgraded shares of Ultra Electronics to a “sell” rating and reduced their target price for the company from GBX 2,250 ($31.09) to GBX 1,550 ($21.41) in a research note on Friday, November 10th.
In other Ultra Electronics news, insider K Thomson purchased 804 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The stock was acquired at an average cost of GBX 1,218 ($16.83) per share, with a total value of £9,792.72 ($13,529.59). Also, insider Sir Robert Walmsley purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of GBX 1,196 ($16.52) per share, with a total value of £11,960 ($16,523.90). Insiders purchased 2,685 shares of company stock valued at $3,212,690 over the last ninety days.
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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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