Published On: Sun, Sep 11th, 2016

Ultra Electronics Holdings plc (ULE) Given Neutral Rating at Goldman Sachs Group Inc.

Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group Inc. in a report released on Sunday, StockTargetPrices.com reports. They presently have a GBX 1,933 ($25.75) target price on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 14.38% from the company’s current price.
Several other research analysts also recently issued reports on ULE. Barclays PLC cut their price target on Ultra Electronics Holdings plc from GBX 1,910 ($25.44) to GBX 1,735 ($23.11) and set an “equal weight” rating for the company in a research note on Monday, May 23rd. Deutsche Bank AG cut their price target on Ultra Electronics Holdings plc from GBX 1,732 ($23.07) to GBX 1,670 ($22.24) and set a “hold” rating for the company in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Ultra Electronics Holdings plc from GBX 1,885 ($25.11) to GBX 1,850 ($24.64) and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Liberum Capital reissued a “hold” rating on shares of Ultra Electronics Holdings plc in a research note on Monday, August 1st. Finally, Canaccord Genuity cut their target price on shares of Ultra Electronics Holdings plc from GBX 2,025 ($26.97) to GBX 1,980 ($26.37) and set a “buy” rating for the company in a research note on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ultra Electronics Holdings plc presently has an average rating of “Buy” and a consensus target price of GBX 1,889.74 ($25.17).
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1690.00 on Friday. The firm’s market cap is GBX 1.19 billion. The stock’s 50 day moving average is GBX 1,711.33 and its 200 day moving average is GBX 1,746.55. Ultra Electronics Holdings plc has a 12 month low of GBX 1,573.00 and a 12 month high of GBX 2,044.00.

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The firm also recently declared a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, September 1st will be issued a GBX 14.20 ($0.19) dividend. This represents a yield of 0.83%. The ex-dividend date is Thursday, September 1st.
About Ultra Electronics Holdings plc
Ultra Electronics Holdings plc is a United Kingdom-based company, which manages a portfolio of 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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