Ultra Electronics (ULE) Price Target Lowered to GBX 1,290 at Barclays

Ultra Electronics (LON:ULE) had its price target reduced by Barclays from GBX 2,045 ($27.52) to GBX 1,290 ($17.36) in a research note published on Monday. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also weighed in on ULE. Deutsche Bank lifted their price objective on Ultra Electronics from GBX 2,040 ($27.46) to GBX 2,080 ($27.99) and gave the stock a hold rating in a report on Thursday, August 31st. J P Morgan Chase & Co lowered Ultra Electronics to a neutral rating and reduced their target price for the company from GBX 2,420 ($32.57) to GBX 1,785 ($24.02) in a report on Monday, November 13th. Liberum Capital reaffirmed a buy rating and set a GBX 1,800 ($24.23) target price on shares of Ultra Electronics in a report on Monday, November 27th. Kepler Capital Markets reduced their target price on Ultra Electronics from GBX 2,300 ($30.96) to GBX 1,600 ($21.53) and set a buy rating for the company in a report on Tuesday, November 14th. Finally, Berenberg Bank lowered Ultra Electronics to a sell rating and reduced their target price for the company from GBX 2,250 ($30.28) to GBX 1,550 ($20.86) in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,772.14 ($23.85).

Shares of Ultra Electronics (LON:ULE) opened at GBX 1,308 ($17.60) on Monday. Ultra Electronics has a twelve month low of GBX 1,138 ($15.32) and a twelve month high of GBX 2,245 ($30.22).

In other news, insider Ami Sharma bought 846 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of GBX 1,170 ($15.75) per share, for a total transaction of £9,898.20 ($13,321.94). Also, insider Sir Robert Walmsley bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of GBX 1,196 ($16.10) per share, with a total value of £11,960 ($16,096.90). In the last quarter, insiders have bought 10,839 shares of company stock valued at $13,125,309.

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About Ultra Electronics

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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