Peel Hunt Increases Ultra Electronics (LON:ULE) Price Target to GBX 2,050

Ultra Electronics (LON:ULE) had its target price lifted by Peel Hunt from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have an add rating on the stock.

Several other analysts have also recently commented on ULE. Numis Securities initiated coverage on shares of Ultra Electronics in a research note on Wednesday, May 8th. They issued an add rating and a GBX 1,850 ($24.17) target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Ultra Electronics from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) and gave the stock an overweight rating in a research note on Tuesday, July 30th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 1,900 ($24.83) target price on shares of Ultra Electronics in a research note on Friday, June 28th. Finally, Jefferies Financial Group initiated coverage on shares of Ultra Electronics in a research note on Wednesday, May 29th. They issued a hold rating and a GBX 1,775 ($23.19) target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,823.38 ($23.83).

ULE stock opened at GBX 2,148 ($28.07) on Wednesday. The stock has a market cap of $1.52 billion and a PE ratio of 49.27. The company has a debt-to-equity ratio of 60.30, a current ratio of 1.02 and a quick ratio of 0.72. Ultra Electronics has a one year low of GBX 1,200 ($15.68) and a one year high of GBX 2,074 ($27.10). The stock has a 50 day moving average price of GBX 1,783.98.

Ultra Electronics (LON:ULE) last released its earnings results on Wednesday, August 7th. The company reported GBX 52.50 ($0.69) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 50 ($0.65) by GBX 2.50 ($0.03). On average, equities analysts anticipate that Ultra Electronics will post 12158.9997353 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be paid a GBX 15 ($0.20) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.77%. Ultra Electronics’s payout ratio is currently 1.19%.

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.

Further Reading: Capital gains and your 401(k) or IRA

Analyst Recommendations for Ultra Electronics (LON:ULE)

Receive News & Ratings for Ultra Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics and related companies with MarketBeat.com's FREE daily email newsletter.