Ultra Electronics Holdings plc (LON:ULE) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,855.29 ($24.24).
Several analysts recently commented on the company. Numis Securities assumed coverage on Ultra Electronics in a research report on Wednesday, May 8th. They set an “add” rating and a GBX 1,850 ($24.17) price target for the company. Jefferies Financial Group assumed coverage on Ultra Electronics in a research report on Wednesday, May 29th. They set a “hold” rating and a GBX 1,775 ($23.19) price target for the company. Peel Hunt reiterated an “add” rating on shares of Ultra Electronics in a research report on Friday, August 16th. Berenberg Bank boosted their price target on Ultra Electronics from GBX 1,750 ($22.87) to GBX 2,200 ($28.75) and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an “overweight” rating in a research report on Tuesday, July 30th.
Shares of ULE stock opened at GBX 2,186 ($28.56) on Friday. The company has a debt-to-equity ratio of 60.30, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market cap of $1.55 billion and a price-to-earnings ratio of 50.14. The stock has a 50 day simple moving average of GBX 1,984.92 and a 200-day simple moving average of GBX 1,655.83. Ultra Electronics has a 1-year low of GBX 1,200 ($15.68) and a 1-year high of GBX 2,248 ($29.37).
Ultra Electronics (LON:ULE) last announced its earnings results on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 50 ($0.65) by GBX 2.50 ($0.03). Analysts anticipate that Ultra Electronics will post 12158.9996731 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be given a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, August 29th. Ultra Electronics’s payout ratio is 1.19%.
In other news, insider Tony Rice purchased 2,687 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average cost of GBX 2,152 ($28.12) per share, for a total transaction of £57,824.24 ($75,557.61).
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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