JPMorgan Chase & Co. lowered shares of Ultra Electronics (LON:ULE) to a neutral rating in a report issued on Tuesday. They currently have GBX 1,535 ($21.21) price objective on the stock, down from their previous price objective of GBX 1,675 ($23.14).
Other analysts have also recently issued research reports about the stock. Liberum Capital restated a buy rating and set a GBX 1,800 ($24.87) target price on shares of Ultra Electronics in a report on Wednesday, January 31st. Kepler Capital Markets restated a buy rating and set a GBX 1,600 ($22.11) target price on shares of Ultra Electronics in a report on Thursday, March 1st. Berenberg Bank dropped their target price on shares of Ultra Electronics from GBX 1,550 ($21.41) to GBX 1,300 ($17.96) and set a sell rating on the stock in a report on Friday, January 5th. Finally, Barclays dropped their target price on shares of Ultra Electronics from GBX 2,045 ($28.25) to GBX 1,290 ($17.82) and set an equal weight rating on the stock in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Ultra Electronics presently has an average rating of Hold and an average target price of GBX 1,700.71 ($23.50).
Shares of Ultra Electronics (ULE) opened at GBX 1,370 ($18.93) on Tuesday. The firm has a market cap of $1,060.00 and a price-to-earnings ratio of 2,044.78. Ultra Electronics has a fifty-two week low of GBX 1,138 ($15.72) and a fifty-two week high of GBX 2,245 ($31.02).
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.