Ultra Electronics Holdings plc (ULE) Receives GBX 1,734 Average PT from Brokerages

Ultra Electronics Holdings plc (LON:ULE) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,734 ($22.66).

Several brokerages recently commented on ULE. JPMorgan Chase & Co. upped their price target on shares of Ultra Electronics from GBX 1,900 ($24.83) to GBX 1,950 ($25.48) and gave the company a “neutral” rating in a report on Tuesday, August 7th. Kepler Capital Markets downgraded shares of Ultra Electronics to a “hold” rating and upped their price target for the company from GBX 1,650 ($21.56) to GBX 1,720 ($22.47) in a report on Tuesday, August 7th. Berenberg Bank upped their price target on shares of Ultra Electronics from GBX 1,440 ($18.82) to GBX 1,660 ($21.69) and gave the company a “hold” rating in a report on Thursday, August 9th. Finally, Credit Suisse Group upgraded shares of Ultra Electronics to an “outperform” rating and upped their target price for the stock from GBX 1,400 ($18.29) to GBX 2,050 ($26.79) in a research note on Tuesday, October 9th.

LON:ULE traded up GBX 22 ($0.29) during mid-day trading on Friday, hitting GBX 1,443 ($18.86). 92,805 shares of the stock traded hands, compared to its average volume of 529,114. Ultra Electronics has a 52 week low of GBX 1,138 ($14.87) and a 52 week high of GBX 2,231 ($29.15).

Ultra Electronics (LON:ULE) last issued its quarterly earnings results on Monday, August 6th. The company reported GBX 45.10 ($0.59) EPS for the quarter, missing the consensus estimate of GBX 57.70 ($0.75) by GBX (12.60) (($0.16)).

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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Analyst Recommendations for Ultra Electronics (LON:ULE)

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