Peel Hunt assumed coverage on shares of Ultra Electronics (LON:ULE) in a report released on Monday morning. The brokerage issued an add rating and a GBX 1,450 ($18.95) target price on the stock.
A number of other analysts have also commented on ULE. Barclays lowered Ultra Electronics to an underweight rating and decreased their price objective for the stock from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a report on Thursday, December 13th. JPMorgan Chase & Co. decreased their price objective on Ultra Electronics from GBX 1,850 ($24.17) to GBX 1,750 ($22.87) and set a neutral rating for the company in a report on Thursday, January 10th. Finally, Goldman Sachs Group boosted their price objective on Ultra Electronics from GBX 1,755 ($22.93) to GBX 1,820 ($23.78) and gave the stock a neutral rating in a report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Ultra Electronics has a consensus rating of Hold and a consensus price target of GBX 1,658.75 ($21.67).
Shares of ULE opened at GBX 1,319 ($17.24) on Monday. Ultra Electronics has a 52 week low of GBX 1,138 ($14.87) and a 52 week high of GBX 2,231 ($29.15).
About Ultra Electronics
Ultra Electronics Holdings plc, together with its subsidiaries, provides various solutions and products in the defense and aerospace, security and cyber, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
See Also: Cash Flow
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