Ultra Electronics Holdings plc’s (ULE) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Ultra Electronics Holdings plc (LON:ULE) in a research report sent to investors on Wednesday. JPMorgan Chase & Co. currently has a GBX 1,850 ($24.15) target price on the stock.
A number of other analysts have also issued reports on the company. 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 report on Sunday, September 11th. Berenberg Bank lowered their target price 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 report on Tuesday, September 6th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 1,980 ($25.85) target price on shares of Ultra Electronics Holdings plc in a report on Friday, August 5th. Deutsche Bank AG lowered their target price on Ultra Electronics Holdings plc from GBX 1,732 ($22.61) to GBX 1,670 ($21.80) and set a hold rating on the stock in a report on Tuesday, August 2nd. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 1,735 ($22.65) target price on shares of Ultra Electronics Holdings plc in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently 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. The firm’s market capitalization is GBX 1.25 billion. The firm has a 50-day moving average price of GBX 1,713.06 and a 200 day moving average price of GBX 1,739.71. Ultra Electronics Holdings plc has a 12 month low of GBX 1,573.00 and a 12 month high of GBX 2,044.00.
The firm also recently disclosed a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be given a GBX 14.20 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.83%.
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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