Ultra Electronics (ULE) Raised to “Buy” at Berenberg Bank
Berenberg Bank upgraded shares of Ultra Electronics (LON:ULE) to a buy rating in a research note issued to investors on Thursday. They currently have GBX 1,750 ($22.87) price objective on the stock, up from their prior price objective of GBX 1,500 ($19.60).
A number of other equities analysts also recently commented on ULE. Goldman Sachs Group reduced their target price on shares of Ultra Electronics from GBX 1,820 ($23.78) to GBX 1,759 ($22.98) and set a neutral rating for the company in a report on Friday, March 8th. Peel Hunt reiterated an add rating and issued a GBX 1,450 ($18.95) target price on shares of Ultra Electronics in a report on Wednesday, March 6th. JPMorgan Chase & Co. upgraded shares of Ultra Electronics to an overweight rating and boosted their target price for the stock from GBX 1,750 ($22.87) to GBX 1,820 ($23.78) in a report on Thursday, March 7th. Finally, Barclays downgraded shares of Ultra Electronics to an underweight rating and reduced their target price for the stock from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a report on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,650.25 ($21.56).
Shares of Ultra Electronics stock opened at GBX 1,584 ($20.70) on Thursday. The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 36.33. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 60.30. Ultra Electronics has a one year low of GBX 1,200 ($15.68) and a one year high of GBX 1,763 ($23.04).
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.
Further Reading: How to find the components of the quick ratio
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