Published On: Tue, Sep 6th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/06/ultra-electronics-holdings-plc-ule-price-target-lowered-to-gbx-2000-at-berenberg-bank/

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.

Receive News & Ratings for Ultra Electronics Holdings plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ultra Electronics Holdings plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>