Ultra Electronics (LON:ULE) had its target price cut by Barclays from GBX 2,045 ($27.52) to GBX 1,290 ($17.36) in a research report report published on Monday morning. They currently have an equal weight rating on the stock.

ULE has been the topic of a number of other research reports. Kepler Capital Markets dropped their price objective on Ultra Electronics from GBX 2,300 ($30.96) to GBX 1,600 ($21.53) and set a buy rating on the stock in a research note on Tuesday, November 14th. J P Morgan Chase & Co cut Ultra Electronics to a neutral rating and dropped their price target for the company from GBX 2,420 ($32.57) to GBX 1,785 ($24.02) in a research note on Monday, November 13th. Liberum Capital restated a buy rating and issued a GBX 1,800 ($24.23) price target on shares of Ultra Electronics in a research note on Tuesday, November 21st. Deutsche Bank increased their price target on Ultra Electronics from GBX 2,040 ($27.46) to GBX 2,080 ($27.99) and gave the company a hold rating in a research note on Thursday, August 31st. Finally, Berenberg Bank cut Ultra Electronics to a sell rating and dropped their price target for the company from GBX 2,250 ($30.28) to GBX 1,550 ($20.86) in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,772.14 ($23.85).

Shares of Ultra Electronics (ULE) opened at GBX 1,324 ($17.82) on Monday. Ultra Electronics has a 12 month low of GBX 1,138 ($15.32) and a 12 month high of GBX 2,245 ($30.22).

In other news, insider Sir Robert Walmsley acquired 1,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of GBX 1,196 ($16.10) per share, with a total value of £11,960 ($16,096.90). Also, insider Ami Sharma acquired 846 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of GBX 1,170 ($15.75) per share, for a total transaction of £9,898.20 ($13,321.94). In the last 90 days, insiders purchased 10,839 shares of company stock worth $13,125,309.

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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.

Analyst Recommendations for Ultra Electronics (LON:ULE)

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