Ultra Electronics (LON:ULE) Receives Add Rating from Peel Hunt

Peel Hunt reiterated their add rating on shares of Ultra Electronics (LON:ULE) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also weighed in on ULE. Jefferies Financial Group began coverage on Ultra Electronics in a research note on Wednesday, May 29th. They issued a hold rating and a GBX 1,775 ($23.19) price target for the company. Numis Securities began coverage on Ultra Electronics in a research note on Wednesday, May 8th. They issued an add rating and a GBX 1,850 ($24.17) price target for the company. Berenberg Bank lifted their price target on Ultra Electronics from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) and gave the company a hold rating in a research note on Friday, August 9th. Credit Suisse Group lifted their price target on Ultra Electronics from GBX 1,900 ($24.83) to GBX 2,250 ($29.40) and gave the company an outperform rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the company an overweight rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,879.63 ($24.56).

Shares of Ultra Electronics stock opened at GBX 2,154 ($28.15) on Friday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 60.30. Ultra Electronics has a twelve month low of GBX 1,200 ($15.68) and a twelve month high of GBX 2,232 ($29.17). The business has a 50-day moving average price of GBX 1,859.92 and a 200 day moving average price of GBX 1,604. The firm has a market cap of $1.53 billion and a PE ratio of 49.40.

Ultra Electronics (LON:ULE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 50 ($0.65) by GBX 2.50 ($0.03). On average, sell-side analysts expect that Ultra Electronics will post 12159.0002146 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 15 ($0.20) per share. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.77%. Ultra Electronics’s dividend payout ratio (DPR) is currently 1.19%.

About Ultra Electronics

Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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Analyst Recommendations for Ultra Electronics (LON:ULE)

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