Ultra Electronics Holdings plc’s (ULE) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their overweight rating on shares of Ultra Electronics Holdings plc (LON:ULE) in a report released on Wednesday morning. They currently have a GBX 1,850 ($24.15) target price on the stock.
ULE has been the topic of several other research reports. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 1,933 ($25.23) target price on shares of Ultra Electronics Holdings plc in a research report on Sunday, September 11th. Deutsche Bank AG reissued a hold rating and set a GBX 1,732 ($22.61) price target (down previously from GBX 1,835 ($23.95)) on shares of Ultra Electronics Holdings plc in a research report on Friday, June 24th. Barclays PLC reduced their price target on Ultra Electronics Holdings plc from GBX 1,910 ($24.93) to GBX 1,735 ($22.65) and set an equal weight rating on the stock in a research report on Monday, May 23rd. Investec reissued a buy rating and set a GBX 2,000 ($26.11) price target on shares of Ultra Electronics Holdings plc in a research report on Monday, August 1st. Finally, Berenberg Bank reduced their price target on Ultra Electronics Holdings plc from GBX 2,100 ($27.41) to GBX 2,000 ($26.11) and set a buy rating on the stock in a research report on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ultra Electronics Holdings plc presently has an average rating of Buy and a consensus target price of GBX 1,889.74 ($24.67).
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1776.00 on Wednesday. Ultra Electronics Holdings plc has a 1-year low of GBX 1,573.00 and a 1-year high of GBX 2,044.00. The stock has a 50 day moving average price of GBX 1,713.06 and a 200 day moving average price of GBX 1,739.71. The firm’s market capitalization is GBX 1.25 billion.
The firm also recently announced a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 14.20 ($0.19) per share. This represents a yield of 0.83%. The ex-dividend date of this dividend is Thursday, September 1st.
Ultra Electronics Holdings plc Company Profile
Ultra Electronics Holdings plc is a United Kingdom-based company, which manages a portfolio of 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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