Ultra Electronics’ (ULE) Buy Rating Reaffirmed at Numis Securities

Numis Securities reaffirmed their buy rating on shares of Ultra Electronics (LON:ULE) in a research report report published on Wednesday morning, Analyst Price Targets reports. The firm currently has a GBX 2,500 ($32.66) price objective on the stock.

Several other equities research analysts have also recently weighed in on ULE. Berenberg Bank reiterated a buy rating and issued a GBX 2,600 ($33.97) target price on shares of Ultra Electronics in a report on Wednesday, March 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Ultra Electronics in a report on Thursday, April 15th. They issued a neutral rating and a GBX 2,200 ($28.74) target price for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 2,365.63 ($30.91).

Shares of ULE stock opened at GBX 2,048 ($26.76) on Wednesday. Ultra Electronics has a twelve month low of GBX 1,835 ($23.97) and a twelve month high of GBX 2,540 ($33.19). The stock has a market capitalization of £1.46 billion and a price-to-earnings ratio of 17.40. The stock has a fifty day simple moving average of GBX 2,044.12 and a two-hundred day simple moving average of GBX 2,041.28. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 43.08.

The business also recently disclosed a dividend, which was paid on Friday, May 14th. Investors of record on Thursday, April 8th were paid a dividend of GBX 41.50 ($0.54) per share. This represents a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, April 8th. Ultra Electronics’s dividend payout ratio (DPR) is currently 0.46%.

In other Ultra Electronics news, insider Simon Pryce bought 2,500 shares of Ultra Electronics stock in a transaction that occurred on Wednesday, April 21st. The shares were bought at an average cost of GBX 2,000 ($26.13) per share, with a total value of £50,000 ($65,325.32).

Ultra Electronics Company Profile

Ultra Electronics Holdings plc, provides application-engineered bespoke solutions in the defense and aerospace, security and cyber, transport, and energy markets. It offers command and sonar systems; maritime systems; ocean systems; and electronic system solutions across surface and sub-surface platforms.

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Analyst Recommendations for Ultra Electronics (LON:ULE)

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