Ultra Electronics Holdings plc (ULE) Sets New 1-Year Low at $1,146.00

Ultra Electronics Holdings plc (LON:ULE)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,146 ($15.07) and last traded at GBX 1,186 ($15.60), with a volume of 898087 shares. The stock had previously closed at GBX 1,186 ($15.60).

ULE has been the topic of a number of recent research reports. Kepler Capital Markets reissued a “buy” rating and issued a GBX 2,300 ($30.25) target price on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd. Liberum Capital reissued a “buy” rating and issued a GBX 2,300 ($30.25) target price on shares of Ultra Electronics Holdings plc in a research note on Monday, August 7th. Deutsche Bank AG cut their target price on Ultra Electronics Holdings plc from GBX 2,050 ($26.96) to GBX 2,040 ($26.83) and set a “hold” rating on the stock in a research note on Tuesday, August 8th. Barclays PLC cut their target price on Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, Berenberg Bank cut Ultra Electronics Holdings plc to a “sell” rating and cut their target price for the stock from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,886.63 ($24.81).

In other Ultra Electronics Holdings plc news, insider Douglas Caster acquired 8,160 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of GBX 1,215 ($15.98) per share, with a total value of £99,144 ($130,401.16). Also, insider Rakesh Sharma acquired 543 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average cost of GBX 1,829 ($24.06) per share, for a total transaction of £9,931.47 ($13,062.57). Insiders have purchased 11,119 shares of company stock worth $14,115,697 over the last ninety days.

TRADEMARK VIOLATION WARNING: “Ultra Electronics Holdings plc (ULE) Sets New 1-Year Low at $1,146.00” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://sportsperspectives.com/2017/11/22/ultra-electronics-holdings-plc-ule-sets-new-1-year-low-at-1146-00.html.

About Ultra Electronics Holdings plc

Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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

Latest News

Leave a Reply