Berenberg Bank upgraded shares of Ultra Electronics (LON:ULE) to a hold rating in a report released on Friday.

Other analysts have also issued research reports about the company. Liberum Capital reiterated a buy rating and issued a GBX 1,800 ($25.77) price target on shares of Ultra Electronics in a report on Monday, March 5th. Kepler Capital Markets reiterated a buy rating and issued a GBX 1,600 ($22.91) price target on shares of Ultra Electronics in a report on Thursday, March 1st. Barclays lowered their price target on Ultra Electronics from GBX 2,045 ($29.28) to GBX 1,290 ($18.47) and set an equal weight rating for the company in a report on Monday, December 18th. Finally, JPMorgan Chase lowered Ultra Electronics to a neutral rating and lowered their price target for the company from GBX 1,675 ($23.98) to GBX 1,535 ($21.98) in a report on Tuesday, March 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 1,686.43 ($24.15).

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ULE stock opened at GBX 1,406 ($20.13) on Friday. Ultra Electronics has a 12 month low of GBX 1,138 ($16.29) and a 12 month high of GBX 2,231 ($31.94).

The company also recently declared a dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, April 5th will be issued a GBX 35 ($0.50) dividend. This is a positive change from Ultra Electronics’s previous dividend of $14.60. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 2.48%.

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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.

Analyst Recommendations for Ultra Electronics (LON:ULE)

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