Ultra Electronics (ULE) Price Target Lowered to GBX 1,750 at JPMorgan Chase & Co.

Ultra Electronics (LON:ULE) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from GBX 1,850 ($24.17) to GBX 1,750 ($22.87) in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 29.73% from the stock’s current price.

ULE has been the subject of a number of other reports. Goldman Sachs Group boosted their target price on Ultra Electronics from GBX 1,755 ($22.93) to GBX 1,820 ($23.78) and gave the company a “neutral” rating in a research note on Wednesday. Credit Suisse Group raised Ultra Electronics to an “outperform” rating and boosted their target price for the company from GBX 1,400 ($18.29) to GBX 2,050 ($26.79) in a research note on Tuesday, October 9th. Finally, Barclays cut Ultra Electronics to an “underweight” rating and decreased their target price for the company from GBX 1,460 ($19.08) to GBX 1,120 ($14.63) in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Ultra Electronics has an average rating of “Hold” and a consensus price target of GBX 1,688.57 ($22.06).

Shares of Ultra Electronics stock opened at GBX 1,349 ($17.63) on Thursday. Ultra Electronics has a 12 month low of GBX 1,138 ($14.87) and a 12 month high of GBX 2,231 ($29.15).

In other news, insider Simon Pryce purchased 7,500 shares of the business’s stock in a transaction dated Thursday, December 13th. The shares were bought at an average cost of GBX 1,283 ($16.76) per share, for a total transaction of £96,225 ($125,735.01).

About Ultra Electronics

Ultra Electronics Holdings plc, together with its subsidiaries, provides various solutions and products in the defense and aerospace, security and cyber, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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