J P Morgan Chase & Co Downgrades Ultra Electronics Holdings plc (ULE) to Neutral

Ultra Electronics Holdings plc (LON:ULE) was downgraded by equities research analysts at J P Morgan Chase & Co to a “neutral” rating in a report issued on Monday. They presently have a GBX 1,785 ($23.48) price objective on the stock, down from their prior price objective of GBX 2,420 ($31.83). J P Morgan Chase & Co’s price target would indicate a potential upside of 47.89% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Kepler Capital Markets reissued a “buy” rating and set a GBX 2,300 ($30.25) price objective on shares of Ultra Electronics Holdings plc in a report on Thursday, August 3rd. Barclays PLC cut their price objective on shares of Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Deutsche Bank AG cut their price objective on shares of Ultra Electronics Holdings plc from GBX 2,050 ($26.96) to GBX 2,040 ($26.83) and set a “hold” rating on the stock in a report on Tuesday, August 8th. Liberum Capital reissued a “buy” rating and set a GBX 2,300 ($30.25) price objective on shares of Ultra Electronics Holdings plc in a report on Monday, August 7th. Finally, Berenberg Bank lowered shares of Ultra Electronics Holdings plc to a “sell” rating and cut their price objective for the company from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Ultra Electronics Holdings plc has an average rating of “Hold” and an average target price of GBX 1,949.13 ($25.64).

Shares of Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,207 ($15.88) on Monday. Ultra Electronics Holdings plc has a 12 month low of GBX 1,165 ($15.32) and a 12 month high of GBX 2,245 ($29.53).

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In other news, insider Douglas Caster purchased 8,160 shares of the business’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of GBX 1,215 ($15.98) per share, with a total value of £99,144 ($130,401.16). Also, insider Rakesh Sharma purchased 543 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average cost of GBX 1,829 ($24.06) per share, for a total transaction of £9,931.47 ($13,062.57). Insiders acquired 9,273 shares of company stock worth $11,929,877 over the last ninety days.

About Ultra Electronics Holdings plc

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 Holdings plc (LON:ULE)

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