Ultra Electronics Holdings plc (ULE) Earns Buy Rating from Liberum Capital

Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “buy” rating reissued by Liberum Capital in a research note issued on Monday, August 7th. They presently have a GBX 2,300 ($29.86) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 24.32% from the company’s previous close.

A number of other equities analysts have also recently commented on ULE. Kepler Capital Markets reissued a “buy” rating and set a GBX 2,300 ($29.86) price target on shares of Ultra Electronics Holdings plc in a report on Thursday, August 3rd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,400 ($31.16) price objective on shares of Ultra Electronics Holdings plc in a research report on Monday, July 24th. Investec restated a “buy” rating and set a GBX 2,300 ($29.86) price objective on shares of Ultra Electronics Holdings plc in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 2,050 ($26.61) price objective on shares of Ultra Electronics Holdings plc in a research report on Friday, July 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,196 ($28.51).

Shares of Ultra Electronics Holdings plc (ULE) opened at 1850.00 on Monday. Ultra Electronics Holdings plc has a 1-year low of GBX 1,649.00 and a 1-year high of GBX 2,245.00. The firm’s market capitalization is GBX 1.30 billion. The firm’s 50 day moving average is GBX 2,020.00 and its 200 day moving average is GBX 2,047.11.

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In other Ultra Electronics Holdings plc news, insider Martin Broadhurst purchased 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average cost of GBX 1,901 ($24.68) per share, with a total value of £11,406 ($14,807.22). Also, insider Sir Robert Walmsley acquired 400 shares of Ultra Electronics Holdings plc stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of GBX 1,957 ($25.41) per share, with a total value of £7,828 ($10,162.27). Over the last three months, insiders bought 1,801 shares of company stock valued at $3,444,076.

Ultra Electronics Holdings plc Company Profile

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.

Analyst Recommendations for Ultra Electronics Holdings plc (LON:ULE)

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