Ultra Electronics (ULE) Price Target Cut to GBX 1,592

Ultra Electronics (LON:ULE) had its price objective cut by research analysts at Goldman Sachs Group from GBX 1,759 ($22.98) to GBX 1,592 ($20.80) in a note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price points to a potential upside of 1.14% from the stock’s previous close.

Several other research firms have also commented on ULE. Berenberg Bank raised shares of Ultra Electronics to a “buy” rating and increased their target price for the company from GBX 1,500 ($19.60) to GBX 1,750 ($22.87) in a research note on Thursday. JPMorgan Chase & Co. raised shares of Ultra Electronics to an “overweight” rating and increased their target price for the company from GBX 1,750 ($22.87) to GBX 1,820 ($23.78) in a research note on Thursday, March 7th. Peel Hunt assumed coverage on shares of Ultra Electronics in a research note on Monday, February 11th. They set an “add” rating and a GBX 1,450 ($18.95) target price for the company. Finally, Barclays lowered shares of Ultra Electronics to an “underweight” rating and cut their target price for the company from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,650.25 ($21.56).

ULE stock opened at GBX 1,574 ($20.57) on Friday. Ultra Electronics has a 12 month low of GBX 1,200 ($15.68) and a 12 month high of GBX 1,763 ($23.04). The company has a market cap of $1.16 billion and a P/E ratio of 36.10. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 60.30.

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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