Liberum Capital reaffirmed their buy rating on shares of Ultra Electronics (LON:ULE) in a research note published on Thursday, January 11th. The brokerage currently has a GBX 1,800 ($24.41) target price on the stock.
A number of other brokerages have also commented on ULE. Berenberg Bank lowered Ultra Electronics to a sell rating and dropped their price target for the company from GBX 2,250 ($30.51) to GBX 1,550 ($21.02) in a research note on Friday, November 10th. Barclays dropped their price target 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 note on Monday, December 18th. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Kepler Capital Markets decreased their price objective on Ultra Electronics from GBX 2,300 ($31.19) to GBX 1,600 ($21.70) and set a buy rating on the stock in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Ultra Electronics currently has a consensus rating of Hold and an average target price of GBX 1,720.71 ($23.33).
Shares of Ultra Electronics (ULE) traded down GBX 46 ($0.62) during trading on Thursday, reaching GBX 1,450 ($19.66). The company had a trading volume of 235,522 shares, compared to its average volume of 435,068. Ultra Electronics has a 52 week low of GBX 1,138 ($15.43) and a 52 week high of GBX 2,245 ($30.44). The company has a market capitalization of $1,130.00 and a price-to-earnings ratio of 1,768.29.
In other news, insider Ami Sharma acquired 846 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of GBX 1,170 ($15.87) per share, with a total value of £9,898.20 ($13,423.11). Also, insider K Thomson acquired 804 shares of the company’s stock in a transaction that occurred on 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). Over the last quarter, insiders bought 10,842 shares of company stock worth $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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