Ultra Electronics Holdings plc (ULE) Stock Rating Lowered by Berenberg Bank
Ultra Electronics Holdings plc (LON:ULE) was downgraded by equities researchers at Berenberg Bank to a “sell” rating in a research report issued to clients and investors on Friday. They presently have a GBX 1,550 ($20.39) price objective on the stock, down from their prior price objective of GBX 2,250 ($29.59). Berenberg Bank’s price target would indicate a potential downside of 1.32% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. Deutsche Bank AG boosted their price target on Ultra Electronics Holdings plc from GBX 2,040 ($26.83) to GBX 2,080 ($27.36) and gave the company a “hold” rating in a research note on Thursday, August 31st. Barclays PLC reduced their target price on Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an “equal weight” rating for the company in a report on Thursday, August 17th. Liberum Capital restated a “buy” rating and issued a GBX 2,300 ($30.25) target price on shares of Ultra Electronics Holdings plc in a report on Monday, August 7th. Kepler Capital Markets restated a “buy” rating and issued a GBX 2,300 ($30.25) target price on shares of Ultra Electronics Holdings plc in a report on Thursday, August 3rd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,400 ($31.57) target price on shares of Ultra Electronics Holdings plc in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 2,113.50 ($27.80).
Shares of Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,570.66 ($20.66) on Friday. Ultra Electronics Holdings plc has a 12 month low of GBX 1,508 ($19.83) and a 12 month high of GBX 2,245 ($29.53).
ILLEGAL ACTIVITY WARNING: “Ultra Electronics Holdings plc (ULE) Stock Rating Lowered by Berenberg Bank” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/ultra-electronics-holdings-plc-ule-stock-rating-lowered-by-berenberg-bank/1697491.html.
In other Ultra Electronics Holdings plc news, insider Rakesh Sharma purchased 554 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average cost of GBX 1,793 ($23.58) per share, for a total transaction of £9,933.22 ($13,064.87). Also, insider Ami Sharma purchased 786 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of GBX 1,895 ($24.92) per share, with a total value of £14,894.70 ($19,590.56). Over the last 90 days, insiders purchased 1,899 shares of company stock valued at $3,504,947.
About Ultra Electronics Holdings plc
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.
Receive News & Ratings for Ultra Electronics Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics Holdings plc and related companies with Analyst Ratings Network's FREE daily email newsletter.