Liberum Capital Reaffirms Buy Rating for Ultra Electronics (ULE)
Ultra Electronics (LON:ULE)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued on Thursday. They presently have a GBX 1,800 ($24.41) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 20.24% from the stock’s previous close.
Several other equities research analysts also recently commented on ULE. Berenberg Bank downgraded shares of Ultra Electronics to a “sell” rating and lowered their target price for the company from GBX 2,250 ($30.51) to GBX 1,550 ($21.02) in a research note on Friday, November 10th. JPMorgan Chase & Co. downgraded shares of Ultra Electronics to a “neutral” rating and lowered their target price for the company from GBX 2,420 ($32.82) to GBX 1,785 ($24.21) in a research note on Monday, November 13th. Kepler Capital Markets lowered their target price on shares of Ultra Electronics from GBX 2,300 ($31.19) to GBX 1,600 ($21.70) and set a “buy” rating for the company in a research note on Tuesday, November 14th. Finally, Barclays lowered their price objective on shares of Ultra Electronics from GBX 2,045 ($27.73) to GBX 1,290 ($17.49) and set an “equal weight” rating for the company in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,720.71 ($23.33).
Shares of Ultra Electronics (ULE) traded down GBX 18 ($0.24) during trading hours on Thursday, reaching GBX 1,497 ($20.30). 525,440 shares of the company’s stock traded hands, compared to its average volume of 457,018. Ultra Electronics has a 1 year low of GBX 1,138 ($15.43) and a 1 year high of GBX 2,245 ($30.44). The company has a market capitalization of $1,160.00 and a P/E ratio of 1,825.61.
About Ultra Electronics
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.
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