Ultra Electronics (LON:ULE) had its price objective decreased by research analysts at JPMorgan Chase & Co. from GBX 1,850 ($24.17) to GBX 1,750 ($22.87) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 29.63% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group upped their target price on Ultra Electronics from GBX 1,755 ($22.93) to GBX 1,820 ($23.78) and gave the company a “neutral” rating in a report on Wednesday. Barclays downgraded Ultra Electronics to an “underweight” rating and dropped their target price for the company from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a report on Thursday, December 13th. Finally, Credit Suisse Group upgraded Ultra Electronics to an “outperform” rating and upped their target price for the company from GBX 1,400 ($18.29) to GBX 2,050 ($26.79) in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,688.57 ($22.06).
Shares of ULE opened at GBX 1,350 ($17.64) on Thursday. Ultra Electronics has a fifty-two week low of GBX 1,138 ($14.87) and a fifty-two week high of GBX 2,231 ($29.15).
In other news, insider Simon Pryce acquired 7,500 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average price of GBX 1,283 ($16.76) per share, for a total transaction of £96,225 ($125,735.01).
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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