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Ultra Electronics Holdings PLC (LON:ULE) stock price target reduced to 1,600.00GBX, issued a research note today by Kepler Cheuvreux

Yesterday Ultra Electronics Holdings PLC (LON:ULE) traded -0.78% lower at 1,203.00GBX. The company’s 50-day moving average is 1,922.03GBX and its 200-day moving average is 2,039.76GBX. The last closing price is down -13.08% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 20,007 shares of the stock were exchanged, down from an average trading volume of 254,209

In a report released on 11/14/2017 Kepler Cheuvreux reduced the target of Ultra Electronics Holdings PLC (LON:ULE) from 2,300.00GBX to 1,600.00GBX indicating a possible upside of 0.33%.

Previously on 11/13/2017, JP Morgan Cazenove reported on Ultra Electronics Holdings PLC (LON:ULE) lowered the target price from 2,420.00GBX to 1,785.00GBX. At the time, this indicated a possible upside of 0.54%.

See Chart Below

Ultra Electronics Holdings PLC (LON:ULE)

Ultra Electronics Holdings PLC has a 52 week low of 1,690.00GBX and a 52 week high of 2,245.00GBX with a P/E ratio of 21.62 The company’s market cap is currently 0 GBX.

In addition to Kepler Cheuvreux 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 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. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.

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