Ultra Electronics (LON:ULE) had its target price lifted by analysts at Berenberg Bank from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 2.93% from the company’s current price.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the company an “overweight” rating in a report on Tuesday, July 30th. Credit Suisse Group increased their price target on Ultra Electronics from GBX 1,900 ($24.83) to GBX 2,250 ($29.40) and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group began coverage on Ultra Electronics in a report on Wednesday, May 29th. They set a “hold” rating and a GBX 1,775 ($23.19) price target for the company. Numis Securities began coverage on Ultra Electronics in a report on Wednesday, May 8th. They set an “add” rating and a GBX 1,850 ($24.17) price target for the company. Finally, Peel Hunt increased their price target on Ultra Electronics from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the stock an “add” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Ultra Electronics currently has an average rating of “Hold” and an average price target of GBX 1,879.63 ($24.56).
Get Ultra Electronics alerts: ULE stock remained flat at $GBX 2,148 ($28.07) during midday trading on Friday. 54,836 shares of the company’s stock were exchanged, compared to its average volume of 529,114. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 60.30. The business’s 50-day moving average price is GBX 1,783.98. The stock has a market cap of $1.52 billion and a P/E ratio of 49.27. Ultra Electronics has a fifty-two week low of GBX 1,200 ($15.68) and a fifty-two week high of GBX 2,074 ($27.10).
Ultra Electronics (LON:ULE) last issued its earnings results on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 50 ($0.65) by GBX 2.50 ($0.03). As a group, equities research analysts anticipate that Ultra Electronics will post 12158.9997353 EPS for the current fiscal year.
Ultra Electronics Company Profile
Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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