Peel Hunt Raises Ultra Electronics (ULE) Price Target to GBX 1,700

Ultra Electronics (LON:ULE) had its target price hoisted by Peel Hunt from GBX 1,450 ($18.95) to GBX 1,700 ($22.21) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has an add rating on the stock.

A number of other research firms have also issued reports on ULE. JPMorgan Chase & Co. raised Ultra Electronics to an overweight rating and raised their target price for the company from GBX 1,750 ($22.87) to GBX 1,820 ($23.78) in a report on Thursday, March 7th. Goldman Sachs Group reduced their price objective on Ultra Electronics from GBX 1,820 ($23.78) to GBX 1,759 ($22.98) and set a neutral rating for the company in a research report on Friday, March 8th. Finally, Berenberg Bank upgraded Ultra Electronics to a buy rating and raised their price objective for the stock from GBX 1,500 ($19.60) to GBX 1,750 ($22.87) in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Ultra Electronics presently has an average rating of Hold and an average target price of GBX 1,678.86 ($21.94).

ULE traded up GBX 83 ($1.08) during midday trading on Friday, reaching GBX 1,656 ($21.64). The company’s stock had a trading volume of 402,419 shares, compared to its average volume of 529,114. The firm has a market capitalization of $1.17 billion and a P/E ratio of 37.98. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 60.30. Ultra Electronics has a twelve month low of GBX 1,200 ($15.68) and a twelve month high of GBX 1,763 ($23.04).

The company also recently disclosed a dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 11th will be given a GBX 37 ($0.48) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 2.59%. This is an increase from Ultra Electronics’s previous dividend of $14.60. Ultra Electronics’s dividend payout ratio (DPR) 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.

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