Goldman Sachs Group Lowers Ultra Electronics (ULE) Price Target to GBX 1,592
Ultra Electronics (LON:ULE) had its price target lowered by equities research analysts at Goldman Sachs Group from GBX 1,759 ($22.98) to GBX 1,592 ($20.80) in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 1.14% from the stock’s current price.
ULE has been the topic of several other research reports. Berenberg Bank upgraded shares of Ultra Electronics to a “buy” rating and increased their price target for the stock from GBX 1,500 ($19.60) to GBX 1,750 ($22.87) in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Ultra Electronics from GBX 1,950 ($25.48) to GBX 1,850 ($24.17) and set a “neutral” rating on the stock in a research note on Friday, December 14th. Peel Hunt assumed coverage on shares of Ultra Electronics in a research note on Monday, February 11th. They set an “add” rating and a GBX 1,450 ($18.95) price target on the stock. Finally, Barclays lowered shares of Ultra Electronics to an “underweight” rating and dropped their price target for the stock from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a research note on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Ultra Electronics currently has a consensus rating of “Hold” and an average target price of GBX 1,650.25 ($21.56).
Shares of ULE opened at GBX 1,574 ($20.57) on Friday. Ultra Electronics has a 12 month low of GBX 1,200 ($15.68) and a 12 month high of GBX 1,763 ($23.04). The firm has a market cap of $1.16 billion and a PE ratio of 36.10. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 60.30.
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.
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