Ultra Electronics (ULE) Receives “Buy” Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of Ultra Electronics (LON:ULE) in a report released on Thursday morning. Liberum Capital currently has a GBX 1,800 ($24.41) target price on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Ultra Electronics from GBX 1,785 ($24.21) to GBX 1,735 ($23.53) and set a neutral rating for the company in a research note on Friday, January 5th. Berenberg Bank cut their target price 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 report on Friday, January 5th. Barclays cut their target price 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 report on Monday, December 18th. Finally, Kepler Capital Markets cut their target price 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 report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 1,720.71 ($23.33).

Shares of Ultra Electronics (ULE) traded down GBX 18 ($0.24) during trading on Thursday, reaching GBX 1,497 ($20.30). The company’s stock had a trading volume of 525,440 shares, compared to its average volume of 457,018. Ultra Electronics has a 12-month low of GBX 1,138 ($15.43) and a 12-month high of GBX 2,245 ($30.44). The firm has a market capitalization of $1,160.00 and a PE ratio of 1,825.61.

In related news, insider Ami Sharma bought 846 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of GBX 1,170 ($15.87) per share, with a total value of £9,898.20 ($13,423.11). Also, insider Douglas Caster bought 8,160 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of GBX 1,215 ($16.48) per share, for a total transaction of £99,144 ($134,450.77). In the last ninety days, insiders have purchased 10,842 shares of company stock worth $13,125,944.

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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.

Analyst Recommendations for Ultra Electronics (LON:ULE)

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