Ultra Electronics (ULE) Price Target Cut to GBX 1,592 by Analysts at Goldman Sachs Group

Ultra Electronics (LON:ULE) had its price objective decreased by equities research analysts at Goldman Sachs Group from GBX 1,759 ($22.98) to GBX 1,592 ($20.80) in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s target price points to a potential upside of 1.14% from the stock’s previous close.

ULE has been the topic of several other research reports. Peel Hunt reaffirmed an “add” rating and set a GBX 1,450 ($18.95) price target on shares of Ultra Electronics in a research report on Wednesday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Ultra Electronics from GBX 1,850 ($24.17) to GBX 1,750 ($22.87) and set a “neutral” rating on the stock in a research report on Thursday, January 10th. Barclays cut shares of Ultra Electronics to an “underweight” rating and reduced their price target for the stock from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a research report on Thursday, December 13th. Finally, Berenberg Bank raised shares of Ultra Electronics to a “buy” rating and increased their price target for the stock from GBX 1,500 ($19.60) to GBX 1,750 ($22.87) in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,650.25 ($21.56).

Shares of ULE stock opened at GBX 1,574 ($20.57) on Friday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 60.30. Ultra Electronics has a one year low of GBX 1,200 ($15.68) and a one year high of GBX 1,763 ($23.04). The stock has a market cap of $1.16 billion and a PE ratio of 36.10.

About Ultra Electronics

Ultra Electronics Holdings plc, together with its subsidiaries, provides various solutions and products in the defense and aerospace, security and cyber, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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