Ultra Electronics Holdings plc (ULE) Price Target Lowered to GBX 2,000 at Berenberg Bank
Ultra Electronics Holdings plc (LON:ULE) had its price target dropped by stock analysts at Berenberg Bank from GBX 2,100 ($27.97) to GBX 2,000 ($26.64) in a report issued on Tuesday. The firm currently has a ” buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 19.05% from the company’s current price.
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1683.00 on Tuesday. Ultra Electronics Holdings plc has a 12 month low of GBX 1,573.00 and a 12 month high of GBX 2,044.00. The company’s market capitalization is GBX 1.18 billion. The firm’s 50-day moving average is GBX 1,716.31 and its 200 day moving average is GBX 1,750.16.
The company also recently announced a dividend, which will be paid on Friday, September 23rd. Investors 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 of this dividend is Thursday, September 1st.
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Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group lowered their target price on shares of Ultra Electronics Holdings plc from GBX 1,954 ($26.03) to GBX 1,933 ($25.75) and set a “neutral” rating on the stock in a research note on Monday. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,980 ($26.37) price target on shares of Ultra Electronics Holdings plc in a research report on Friday, August 5th. JPMorgan Chase & Co. reduced their price target 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 report on Tuesday, August 2nd. Deutsche Bank AG reduced their price target on shares of 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 report on Tuesday, August 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,735 ($23.11) price target on shares of Ultra Electronics Holdings plc in a research report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,889.74 ($25.17).
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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