Ultra Electronics Holdings plc (LON:ULE) had its price objective lowered by investment analysts at Kepler Capital Markets from GBX 2,300 ($30.25) to GBX 1,600 ($21.04) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 34.12% from the company’s previous close.
Several other analysts have also recently commented on the stock. Deutsche Bank AG reduced their price objective on shares of Ultra Electronics Holdings plc from GBX 2,050 ($26.96) to GBX 2,040 ($26.83) and set a “hold” rating for the company in a research note on Tuesday, August 8th. J P Morgan Chase & Co cut shares of Ultra Electronics Holdings plc to a “neutral” rating and reduced their price objective for the company from GBX 2,420 ($31.83) to GBX 1,785 ($23.48) in a research note on Monday. Liberum Capital reiterated a “buy” rating and issued a GBX 2,300 ($30.25) price objective on shares of Ultra Electronics Holdings plc in a research note on Friday, November 10th. Barclays PLC reduced their price objective on shares of Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, Berenberg Bank cut shares of Ultra Electronics Holdings plc to a “sell” rating and reduced their price objective for the company from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Ultra Electronics Holdings plc has an average rating of “Hold” and an average price target of GBX 1,949.13 ($25.64).
Shares of Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,193 ($15.69) on Tuesday. Ultra Electronics Holdings plc has a 52 week low of GBX 1,165 ($15.32) and a 52 week high of GBX 2,245 ($29.53).
In other Ultra Electronics Holdings plc news, insider Douglas Caster bought 8,160 shares of the company’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of GBX 1,215 ($15.98) per share, for a total transaction of £99,144 ($130,401.16). Also, insider Rakesh Sharma bought 543 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average price of GBX 1,829 ($24.06) per share, with a total value of £9,931.47 ($13,062.57). Insiders have acquired a total of 9,273 shares of company stock valued at $11,929,877 over the last 90 days.
Ultra Electronics Holdings plc 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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