Ultra Electronics (LON:ULE) Earns Outperform Rating from Credit Suisse Group

Ultra Electronics (LON:ULE)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a report released on Friday, June 28th, Digital Look reports. They presently have a GBX 1,900 ($24.83) target price on the stock. Credit Suisse Group’s price objective suggests a potential upside of 7.22% from the company’s current price.

A number of other equities analysts also recently weighed in on ULE. Berenberg Bank boosted their target price on shares of Kenmare Resources from GBX 380 ($4.97) to GBX 400 ($5.23) and gave the stock a “buy” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Jounce Therapeutics in a research report on Thursday, March 7th. Peel Hunt reaffirmed a “buy” rating on shares of Coats Group in a research report on Friday, May 3rd. Numis Securities reaffirmed a “buy” rating and set a GBX 1,750 ($22.87) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group assumed coverage on shares of in a research report on Wednesday, May 29th. They set a “buy” rating and a $36.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,691.89 ($22.11).

ULE traded up GBX 32 ($0.42) during trading on Friday, reaching GBX 1,772 ($23.15). 426,228 shares of the stock were exchanged, compared to its average volume of 529,114. The company has a market cap of $1.26 billion and a PE ratio of 40.64. Ultra Electronics has a twelve month low of GBX 1,200 ($15.68) and a twelve month high of GBX 1,758 ($22.97). The business’s 50 day moving average price is GBX 1,648.58. The company has a debt-to-equity ratio of 60.30, a quick ratio of 0.72 and a current ratio of 1.02.

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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