Ultra Electronics (LON:ULE)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research report issued on Thursday. They presently have a GBX 1,800 ($24.41) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 20.24% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ultra Electronics from GBX 1,785 ($24.21) to GBX 1,735 ($23.53) and set a “neutral” rating on the stock in a research report on Friday, January 5th. Berenberg Bank cut their price objective on shares of Ultra Electronics from GBX 1,550 ($21.02) to GBX 1,300 ($17.63) and set a “sell” rating on the stock in a report on Friday, January 5th. Barclays cut 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 on the stock in a report on Monday, December 18th. Finally, Kepler Capital Markets cut their price objective on shares of Ultra Electronics from GBX 2,300 ($31.19) to GBX 1,600 ($21.70) and set a “buy” rating on the stock in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Ultra Electronics presently has an average rating of “Hold” and an average target price of GBX 1,720.71 ($23.33).
Shares of Ultra Electronics (LON:ULE) traded down GBX 18 ($0.24) during mid-day trading on Thursday, hitting GBX 1,497 ($20.30). 525,440 shares of the stock were exchanged, compared to its average volume of 457,018. Ultra Electronics has a 12 month low of GBX 1,138 ($15.43) and a 12 month high of GBX 2,245 ($30.44). The firm has a market capitalization of $1,160.00 and a price-to-earnings ratio of 1,825.61.
In other news, insider Sir Robert Walmsley bought 1,000 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of GBX 1,196 ($16.22) per share, with a total value of £11,960 ($16,219.15). Also, insider Ami Sharma bought 846 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of GBX 1,170 ($15.87) per share, with a total value of £9,898.20 ($13,423.11). Insiders purchased 10,842 shares of company stock worth $13,125,944 over the last 90 days.
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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.
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