Ultra Electronics Holdings plc’s (ULE) “Overweight” Rating Reiterate at the JPMorgan Chase & Co.

Ultra Electronics Holdings plc’s (ULE) “Overweight” Rating Reiterate at the JPMorgan Chase & Co.

Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a GBX 2,185 ($27.07) price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 9.52% from the stock’s previous close.

ULE has been the topic of several other research reports. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 1,933 ($23.94) price target on shares of Ultra Electronics Holdings plc in a research report on Sunday, September 11th. Berenberg Bank cut their price target on Ultra Electronics Holdings plc from GBX 2,100 ($26.01) to GBX 2,000 ($24.77) and set a “buy” rating on the stock in a research report on Tuesday, September 6th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,735 ($21.49) price target on shares of Ultra Electronics Holdings plc in a research report on Tuesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,980 ($24.53) price target on shares of Ultra Electronics Holdings plc in a research report on Friday, August 5th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Ultra Electronics Holdings plc in a research report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ultra Electronics Holdings plc presently has a consensus rating of “Buy” and a consensus price target of GBX 1,945.36 ($24.10).

Ultra Electronics Holdings plc (LON:ULE) traded down 0.7463% during midday trading on Thursday, reaching GBX 1997.0991. The company’s stock had a trading volume of 326,854 shares. The stock’s market cap is GBX 1405.40 billion. The stock’s 50 day moving average is GBX 1,853.78 and its 200 day moving average is GBX 1,760.02. Ultra Electronics Holdings plc has a 12-month low of GBX 1,573.00 and a 12-month high of GBX 2,049.00.

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In other Ultra Electronics Holdings plc news, insider Rakesh Sharma acquired 24 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average price of GBX 1,766 ($21.88) per share, with a total value of £423.84 ($525.01).

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