Analysts Set Ultra Electronics Holdings plc (LON:ULE) Price Target at GBX 1,691.89

Shares of Ultra Electronics Holdings plc (LON:ULE) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,691.89 ($22.11).

A number of research firms have recently weighed in on ULE. Jefferies Financial Group began coverage on in a research report on Wednesday, May 29th. They issued a “buy” rating and a $36.00 price objective for the company. Credit Suisse Group set a $180.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Numis Securities reissued a “buy” rating and issued a GBX 1,750 ($22.87) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 8th. Finally, Peel Hunt reissued a “buy” rating on shares of Coats Group in a research report on Friday, May 3rd.

Shares of Ultra Electronics stock traded up GBX 3 ($0.04) during trading on Thursday, reaching GBX 1,746 ($22.81). The company’s stock had a trading volume of 98,743 shares, compared to its average volume of 529,114. The company has a debt-to-equity ratio of 60.30, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a market capitalization of $1.24 billion and a P/E ratio of 40.05. Ultra Electronics has a 1-year low of GBX 1,200 ($15.68) and a 1-year high of GBX 1,758 ($22.97). The company has a 50-day moving average price of GBX 1,634.46.

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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Analyst Recommendations for Ultra Electronics (LON:ULE)

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