Ultra Electronics (ULE) Price Target Lowered to GBX 1,300 at Berenberg Bank
Ultra Electronics (LON:ULE) had its price objective reduced by Berenberg Bank from GBX 1,550 ($20.72) to GBX 1,300 ($17.38) in a report released on Friday morning. They currently have a sell rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Liberum Capital reaffirmed a buy rating and issued a GBX 2,300 ($30.75) price objective on shares of Ultra Electronics in a research note on Friday, November 10th. Barclays dropped their price objective on Ultra Electronics from GBX 2,045 ($27.34) to GBX 1,290 ($17.25) and set an equal weight rating for the company in a research note on Monday, December 18th. Kepler Capital Markets decreased their target price on Ultra Electronics from GBX 2,300 ($30.75) to GBX 1,600 ($21.39) and set a buy rating for the company in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. lowered Ultra Electronics to a neutral rating and decreased their target price for the company from GBX 2,420 ($32.36) to GBX 1,785 ($23.87) in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,729.29 ($23.12).
Shares of Ultra Electronics (ULE) opened at GBX 1,294 ($17.30) on Friday. Ultra Electronics has a one year low of GBX 1,138 ($15.22) and a one year high of GBX 2,245 ($30.02). The firm has a market capitalization of $1,010.00 and a price-to-earnings ratio of 1,578.05.
About Ultra Electronics
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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