Ultra Electronics (LON:ULE)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a research note issued to investors on Friday. They presently have a GBX 1,700 ($24.34) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 23.55% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 1,600 ($22.91) price target on shares of Ultra Electronics in a research report on Thursday, March 1st. JPMorgan Chase raised shares of Ultra Electronics to an “overweight” rating and reduced their price target for the company from GBX 1,735 ($24.84) to GBX 1,675 ($23.98) in a research report on Friday, January 12th. Finally, Berenberg Bank dropped their price objective on shares of Ultra Electronics from GBX 1,550 ($22.19) to GBX 1,300 ($18.61) and set a “sell” rating on the stock in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 1,686.43 ($24.15).
Shares of ULE stock opened at GBX 1,376 ($19.70) on Friday. Ultra Electronics has a fifty-two week low of GBX 1,138 ($16.29) and a fifty-two week high of GBX 2,231 ($31.94).
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About Ultra Electronics
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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