Ultra Electronics Holdings plc (ULE) Lowered to “Sell” at Berenberg Bank

Berenberg Bank cut shares of Ultra Electronics Holdings plc (LON:ULE) to a sell rating in a report published on Friday morning. They currently have GBX 1,550 ($20.39) price target on the stock, down from their previous price target of GBX 2,250 ($29.59).

Several other research firms have also issued reports on ULE. Kepler Capital Markets reissued a buy rating and issued a GBX 2,300 ($30.25) price target on shares of Ultra Electronics Holdings plc in a research report on Thursday, August 3rd. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 2,400 ($31.57) price target on shares of Ultra Electronics Holdings plc in a research report on Monday, July 24th. Liberum Capital reissued a buy rating and issued a GBX 2,300 ($30.25) price target on shares of Ultra Electronics Holdings plc in a research report on Monday, August 7th. Barclays PLC lowered their price target on shares of Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an equal weight rating on the stock in a research report on Thursday, August 17th. Finally, Deutsche Bank AG boosted their price target on shares of 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 report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,113.50 ($27.80).

Ultra Electronics Holdings plc (LON ULE) traded down GBX 146.34 ($1.92) during midday trading on Friday, hitting GBX 1,570.66 ($20.66). 2,160,000 shares of the stock traded hands, compared to its average volume of 209,972. Ultra Electronics Holdings plc has a one year low of GBX 1,508 ($19.83) and a one year high of GBX 2,245 ($29.53).

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In other news, insider Rakesh Sharma acquired 543 shares of Ultra Electronics Holdings plc stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average price of GBX 1,829 ($24.06) per share, with a total value of £9,931.47 ($13,062.57). Also, insider Ami Sharma acquired 786 shares of Ultra Electronics Holdings plc stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of GBX 1,895 ($24.92) per share, with a total value of £14,894.70 ($19,590.56). In the last ninety days, insiders have 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.

Analyst Recommendations for Ultra Electronics Holdings plc (LON:ULE)

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