Ultra Electronics (LON:ULE) PT Raised to GBX 2,400 at JPMorgan Chase & Co.

Ultra Electronics (LON:ULE) had its price objective upped by JPMorgan Chase & Co. from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) in a research note published on Thursday, Stock Target Advisor reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Peel Hunt reissued an add rating on shares of Ultra Electronics in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Ultra Electronics from GBX 1,775 ($23.35) to GBX 2,000 ($26.31) and gave the stock a hold rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 2,054.63 ($27.03).

LON:ULE traded down GBX 16 ($0.21) during mid-day trading on Thursday, hitting GBX 2,264 ($29.78). 90,087 shares of the company’s stock were exchanged, compared to its average volume of 529,114. Ultra Electronics has a one year low of GBX 1,200 ($15.79) and a one year high of GBX 2,346 ($30.86). The company has a debt-to-equity ratio of 70.99, a current ratio of 1.48 and a quick ratio of 1.05. The business has a fifty day moving average price of GBX 2,133.96 and a 200 day moving average price of GBX 2,021.56. The company has a market cap of $1.61 billion and a PE ratio of 33.94.

In other Ultra Electronics news, insider Daniel Shook acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of GBX 2,009 ($26.43) per share, with a total value of £50,225 ($66,068.14).

Ultra Electronics Company Profile

Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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Analyst Recommendations for Ultra Electronics (LON:ULE)

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