Ultra Electronics (LON:ULE) had its price target dropped by analysts at JPMorgan Chase & Co. from GBX 1,785 ($23.87) to GBX 1,735 ($23.20) in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 35.02% from the company’s current price.

ULE has been the topic of a number of other reports. Berenberg Bank cut Ultra Electronics to a “sell” rating and cut their price target for the stock from GBX 2,250 ($30.08) to GBX 1,550 ($20.72) in a report on Friday, November 10th. Liberum Capital restated a “buy” rating and set a GBX 2,300 ($30.75) price target on shares of Ultra Electronics in a report on Friday, November 10th. Barclays cut their price target on Ultra Electronics from GBX 2,045 ($27.34) to GBX 1,290 ($17.25) and set an “equal weight” rating on the stock in a report on Monday, December 18th. Finally, Kepler Capital Markets cut their price target on Ultra Electronics from GBX 2,300 ($30.75) to GBX 1,600 ($21.39) and set a “buy” rating on the stock in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,729.29 ($23.12).

Ultra Electronics (LON:ULE) opened at GBX 1,285 ($17.18) on Friday. The stock has a market capitalization of $1,080.00 and a P/E ratio of 1,567.07. Ultra Electronics has a twelve month low of GBX 1,138 ($15.22) and a twelve month high of GBX 2,245 ($30.02).

In other news, insider Sir Robert Walmsley bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of GBX 1,196 ($15.99) per share, for a total transaction of £11,960 ($15,991.44). Also, insider Ami Sharma bought 846 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of GBX 1,170 ($15.64) per share, for a total transaction of £9,898.20 ($13,234.66). Over the last quarter, insiders purchased 10,831 shares of company stock worth $13,110,885.

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Ultra Electronics Company Profile

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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