Peel Hunt reissued their add rating on shares of Ultra Electronics (LON:ULE) in a report released on Friday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an overweight rating in a research note on Tuesday, July 30th. Berenberg Bank upped their price target on Ultra Electronics from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) and gave the stock a hold rating in a research note on Friday, August 9th. Credit Suisse Group upped their price target on Ultra Electronics from GBX 1,900 ($24.83) to GBX 2,250 ($29.40) and gave the stock an outperform rating in a research note on Friday, August 9th. Numis Securities started coverage on Ultra Electronics in a research note on Wednesday, May 8th. They set an add rating and a GBX 1,850 ($24.17) price target on the stock. Finally, Jefferies Financial Group started coverage on Ultra Electronics in a research note on Wednesday, May 29th. They set a hold rating and a GBX 1,775 ($23.19) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 1,879.63 ($24.56).
LON:ULE opened at GBX 2,154 ($28.15) on Friday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 60.30. The stock’s fifty day moving average is GBX 1,859.92 and its two-hundred day moving average is GBX 1,604. Ultra Electronics has a 52 week low of GBX 1,200 ($15.68) and a 52 week high of GBX 2,232 ($29.17). The stock has a market capitalization of $1.53 billion and a price-to-earnings ratio of 49.40.
Ultra Electronics (LON:ULE) last released its quarterly earnings results on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) EPS for the quarter, topping analysts’ consensus estimates of GBX 50 ($0.65) by GBX 2.50 ($0.03). On average, sell-side analysts expect that Ultra Electronics will post 12159.0002146 EPS for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, August 29th. Ultra Electronics’s dividend payout ratio is currently 1.19%.
About Ultra Electronics
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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