Published On: Sun, Sep 11th, 2016

Ultra Electronics Holdings plc (ULE) Receives Neutral Rating from Goldman Sachs Group Inc.

Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “neutral” rating reissued by equities researchers at Goldman Sachs Group Inc. in a report released on Sunday. They currently have a GBX 1,933 ($25.75) price target on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 14.38% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective 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. Berenberg Bank cut their price objective on shares of Ultra Electronics Holdings plc from GBX 2,100 ($27.97) to GBX 2,000 ($26.64) and set a “buy” rating for the company in a research note on Tuesday, September 6th. Deutsche Bank AG cut their price objective on shares of Ultra Electronics Holdings plc from GBX 1,835 ($24.44) to GBX 1,732 ($23.07) and set a “hold” rating for the company in a research note on Thursday, June 30th. Canaccord Genuity cut their price objective 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. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,735 ($23.11) price objective on shares of Ultra Electronics Holdings plc in a research note on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ultra Electronics Holdings plc has a consensus rating of “Buy” and a consensus price target 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 capitalization is GBX 1.19 billion. The firm has a 50-day moving average of GBX 1,711.33 and a 200-day moving average of 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 company also recently declared a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, September 1st will be issued a dividend of GBX 14.20 ($0.19) per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.83%.
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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