Shares of Ultra Electronics (LON:ULE) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,686.43 ($23.84).
A number of research analysts recently commented on ULE shares. Barclays lowered their price objective on Ultra Electronics from GBX 2,045 ($28.90) to GBX 1,290 ($18.23) and set an “equal weight” rating for the company in a research note on Monday, December 18th. Liberum Capital restated a “buy” rating and set a GBX 1,800 ($25.44) price objective on shares of Ultra Electronics in a research note on Thursday, January 11th. Berenberg Bank decreased their price target on Ultra Electronics from GBX 1,550 ($21.91) to GBX 1,300 ($18.37) and set a “sell” rating for the company in a research note on Friday, January 5th. JPMorgan Chase decreased their price target on Ultra Electronics from GBX 1,785 ($25.23) to GBX 1,735 ($24.52) and set a “neutral” rating for the company in a research note on Friday, January 5th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 1,600 ($22.61) price target on shares of Ultra Electronics in a research note on Thursday, March 1st.
Shares of ULE stock traded up GBX 22 ($0.31) on Thursday, hitting GBX 1,394 ($19.70). 145,541 shares of the stock traded hands, compared to its average volume of 529,114. Ultra Electronics has a 1-year low of GBX 1,138 ($16.08) and a 1-year high of GBX 2,231 ($31.53).
The firm also recently declared a dividend, which will be paid on Thursday, May 3rd. Stockholders of record on Thursday, April 5th will be paid a GBX 35 ($0.49) dividend. This is a boost from Ultra Electronics’s previous dividend of $14.60. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 2.48%.
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Ultra Electronics Company Profile
Ultra Electronics Holdings plc, together with its subsidiaries, provides various solutions and products in the defense and aerospace, security and cyber, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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