JPMorgan Chase & Co. upgraded shares of Ultra Electronics (LON:ULE) to an overweight rating in a research note published on Friday. They currently have GBX 1,675 ($22.71) price target on the stock, down from their prior price target of GBX 1,735 ($23.53).
Other analysts have also issued reports about the company. Liberum Capital reiterated a buy rating and set a GBX 1,800 ($24.41) price objective on shares of Ultra Electronics in a research note on Thursday. Berenberg Bank reduced their target price on Ultra Electronics from GBX 1,550 ($21.02) to GBX 1,300 ($17.63) and set a sell rating for the company in a research report on Friday, January 5th. Kepler Capital Markets reduced their target price on 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 report on Tuesday, November 14th. Finally, Barclays reduced their target price on 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 1,720.71 ($23.33).
Ultra Electronics (LON:ULE) traded down GBX 18 ($0.24) during trading hours on Friday, hitting GBX 1,497 ($20.30). The company had a trading volume of 525,440 shares, 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 company has a market cap of $1,160.00 and a price-to-earnings ratio of 1,825.61.
In other news, insider K Thomson acquired 804 shares of the business’s stock in a transaction dated Thursday, November 23rd. The stock was purchased at an average cost of GBX 1,218 ($16.52) per share, for a total transaction of £9,792.72 ($13,280.07). Also, insider Ami Sharma acquired 846 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of GBX 1,170 ($15.87) per share, with a total value of £9,898.20 ($13,423.11). Over the last 90 days, insiders have purchased 10,842 shares of company stock valued at $13,125,944.
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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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