Ultra Electronics (LON:ULE) Upgraded at Barclays

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Barclays upgraded shares of Ultra Electronics (LON:ULE) to an equal weight rating in a research note published on Monday morning, Digital Look reports. They currently have GBX 2,000 ($26.13) price target on the stock, up from their previous price target of GBX 1,120 ($14.63).

ULE has been the topic of a number of other reports. Peel Hunt restated an add rating on shares of Ultra Electronics in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an overweight rating in a report on Tuesday, July 30th. Credit Suisse Group lifted their target price 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, August 9th. Jefferies Financial Group began coverage on Ultra Electronics in a report on Wednesday, May 29th. They issued a hold rating and a GBX 1,775 ($23.19) target price on the stock. Finally, Berenberg Bank lifted their target price on Ultra Electronics from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) and gave the stock a hold rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,989.63 ($26.00).

ULE opened at GBX 2,170 ($28.35) on Monday. Ultra Electronics has a one year low of GBX 1,200 ($15.68) and a one year high of GBX 2,294 ($29.98). The company has a debt-to-equity ratio of 70.99, a quick ratio of 1.05 and a current ratio of 1.48. The stock’s fifty day moving average is GBX 2,056.78 and its 200-day moving average is GBX 1,691.15. The company has a market capitalization of $1.54 billion and a PE ratio of 32.53.

Ultra Electronics (LON:ULE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 50 ($0.65) by GBX 2.50 ($0.03).

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of GBX 15 ($0.20) per share. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 0.77%. Ultra Electronics’s dividend payout ratio is 0.78%.

In other Ultra Electronics news, insider Tony Rice purchased 2,687 shares of the stock in a transaction dated Thursday, August 29th. The shares were acquired at an average price of GBX 2,152 ($28.12) per share, for a total transaction of £57,824.24 ($75,557.61).

About Ultra Electronics

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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