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JP Morgan Cazenove announced Ultra Electronics Holdings PLC (LON:ULE), bumping up its stock price target to 2,130.00GBX today

JP Morgan Cazenove raised the target price of Ultra Electronics Holdings PLC (LON:ULE) to 2,130.00GBX stating a potential upside of 0.14%.

On Wednesday September 14, 2016, JP Morgan Cazenove released a statement for Ultra Electronics Holdings PLC (LON:ULE) maintained the target price at 1,850.00GBX that suggested an upside of 0%.

Boasting a price of 1,871.00GBX, Ultra Electronics Holdings PLC (LON:ULE) traded 1.30% higher on the day. With the last stock price close up 7.31% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ultra Electronics Holdings PLC has recorded a 50-day average of 1,741.28GBX and a two hundred day average of 1,742.68GBX. Volume of trade was down over the average, with 41,413 shares of ULE changing hands under the typical 191,561

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Ultra Electronics Holdings PLC (LON:ULE)

Ultra Electronics Holdings PLC has a 52 week low of 1,573.00GBX and a 52 week high of 2,044.00GBX with a P/E ratio of 30.16 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 10 brokers have issued a report on the stock. The consensus target price is 1,928.10GBX with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ultra Electronics Holdings PLC (LON:ULE)

Ultra Electronics Holdings plc is a United Kingdom-based company, which manages a portfolio of 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. The Aerospace & Infrastructure segment provides specialist solutions to the aerospace, rail, energy and nuclear markets. The Communications & Security division provides mission critical, information dominance solutions to governments and law enforcement agencies across the world. The Communications & Security segment specializes in cyber security, communications, surveillance and electronic warfare capabilities. The Maritime & Land segment delivers solutions for maritime and land platforms. The segment also provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.

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