JPMorgan Chase & Co. Boosts Ultra Electronics (LON:ULE) Price Target to GBX 2,200

Ultra Electronics (LON:ULE) had its price target hoisted by JPMorgan Chase & Co. from GBX 1,820 ($23.78) to GBX 2,200 ($28.75) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on ULE. Peel Hunt restated an add rating on shares of Ultra Electronics in a report on Monday. Numis Securities assumed coverage on Ultra Electronics in a report on Wednesday, May 8th. They set an add rating and a GBX 1,850 ($24.17) price target on the stock. Credit Suisse Group reiterated an outperform rating and set a GBX 1,900 ($24.83) price target on shares of Ultra Electronics in a report on Friday, June 28th. Finally, Jefferies Financial Group assumed coverage on Ultra Electronics in a report on Wednesday, May 29th. They set a hold rating and a GBX 1,775 ($23.19) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 1,734.11 ($22.66).

Shares of ULE stock traded down GBX 10 ($0.13) during trading hours on Tuesday, reaching GBX 1,914 ($25.01). The company had a trading volume of 61,247 shares, compared to its average volume of 529,114. Ultra Electronics has a 12 month low of GBX 1,200 ($15.68) and a 12 month high of GBX 2,008 ($26.24). The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 60.30. The firm has a fifty day moving average of GBX 1,725.56. The company has a market capitalization of $1.35 billion and a P/E ratio of 43.90.

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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