Insider Buying: Ultra Electronics Holdings plc (ULE) Insider Acquires £11,960 in Stock

Ultra Electronics Holdings plc (LON:ULE) insider Sir Robert Walmsley acquired 1,000 shares of Ultra Electronics Holdings plc stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of GBX 1,196 ($15.73) per share, with a total value of £11,960 ($15,730.63).

Ultra Electronics Holdings plc (ULE) opened at GBX 1,179 ($15.51) on Friday. Ultra Electronics Holdings plc has a 12-month low of GBX 1,155 ($15.19) and a 12-month high of GBX 2,245 ($29.53).

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ULE has been the subject of several research analyst reports. Kepler Capital Markets restated 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 Thursday, August 3rd. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,400 ($31.57) price objective on shares of Ultra Electronics Holdings plc in a research note on Monday, July 24th. Berenberg Bank cut Ultra Electronics Holdings plc to a “sell” rating and reduced their price objective for the stock from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a research note on Friday, November 10th. Liberum Capital restated 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 Monday, August 7th. Finally, Barclays PLC reduced their price objective on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,949.13 ($25.64).

About Ultra Electronics Holdings plc

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.

Insider Buying and Selling by Quarter for Ultra Electronics Holdings plc (LON:ULE)

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