Berenberg Bank Lowers Ultra Electronics (ULE) Price Target to GBX 1,300

Ultra Electronics (LON:ULE) had its target price trimmed by Berenberg Bank from GBX 1,550 ($20.72) to GBX 1,300 ($17.38) in a report issued on Friday. The brokerage currently has a sell rating on the stock.

Several other brokerages have also commented on ULE. Liberum Capital reaffirmed a buy rating and set a GBX 1,800 ($24.07) price target on shares of Ultra Electronics in a research report on Monday, November 27th. Barclays dropped their price target on shares of Ultra Electronics from GBX 2,045 ($27.34) to GBX 1,290 ($17.25) and set an equal weight rating for the company in a research report on Monday, December 18th. JPMorgan Chase & Co. lowered shares of Ultra Electronics to a neutral rating and dropped their price target for the stock from GBX 2,420 ($32.36) to GBX 1,785 ($23.87) in a research report on Monday, November 13th. Finally, Kepler Capital Markets dropped their price target on shares of Ultra Electronics from GBX 2,300 ($30.75) to GBX 1,600 ($21.39) and set a buy rating for the company in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,729.29 ($23.12).

Ultra Electronics (LON:ULE) opened at GBX 1,303 ($17.42) on Friday. Ultra Electronics has a 52-week low of GBX 1,138 ($15.22) and a 52-week high of GBX 2,245 ($30.02). The company has a market cap of $1,010.00 and a P/E ratio of 1,589.02.

In other Ultra Electronics news, insider Ami Sharma acquired 846 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of GBX 1,170 ($15.64) per share, with a total value of £9,898.20 ($13,234.66). Also, insider Douglas Caster acquired 8,160 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of GBX 1,215 ($16.25) per share, with a total value of £99,144 ($132,563.18). Insiders bought 10,842 shares of company stock valued at $13,125,944 in the last three months.

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Ultra Electronics 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 (LON:ULE)

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