Kepler Capital Markets Lowers Ultra Electronics Holdings plc (ULE) Price Target to GBX 1,600
Ultra Electronics Holdings plc (LON:ULE) had its price objective dropped by investment analysts at Kepler Capital Markets from GBX 2,300 ($30.25) to GBX 1,600 ($21.04) in a report released on Tuesday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 36.87% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. J P Morgan Chase & Co cut shares of Ultra Electronics Holdings plc to a “neutral” rating and dropped their price objective for the stock from GBX 2,420 ($31.83) to GBX 1,785 ($23.48) in a research note on Monday. Barclays PLC lowered their target price on shares of Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Deutsche Bank AG lowered their target price on shares of Ultra Electronics Holdings plc from GBX 2,050 ($26.96) to GBX 2,040 ($26.83) and set a “hold” rating for the company in a research note on Tuesday, August 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,300 ($30.25) target price on shares of Ultra Electronics Holdings plc in a research note on Monday, August 7th. Finally, Berenberg Bank cut shares of Ultra Electronics Holdings plc to a “sell” rating and lowered their target price for the stock from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,949.13 ($25.64).
Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,169 ($15.38) on Tuesday. Ultra Electronics Holdings plc has a 12 month low of GBX 1,165 ($15.32) and a 12 month high of GBX 2,245 ($29.53).
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In related news, insider Douglas Caster purchased 8,160 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of GBX 1,215 ($15.98) per share, for a total transaction of £99,144 ($130,401.16). Also, insider Rakesh Sharma purchased 554 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of GBX 1,793 ($23.58) per share, for a total transaction of £9,933.22 ($13,064.87). Insiders acquired a total of 10,059 shares of company stock valued at $13,419,347 over the last ninety days.
About Ultra Electronics Holdings plc
Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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