Is Ultra Electronics Holdings plc a Buy? The Stock Rises Again

 Is Ultra Electronics Holdings plc a Buy? The Stock Rises Again

The stock of Ultra Electronics Holdings plc (LON:ULE) is a huge mover today! The stock increased 3.91% or GBX 74.8 on November 10, hitting GBX 1987.8. About 663,841 shares traded hands or 264.34% up from the average. Ultra Electronics Holdings plc (LON:ULE) has risen 8.02% since April 12, 2016 and is uptrending. It has outperformed by 2.37% the S&P500.
The move comes after 6 months positive chart setup for the GBX 1.40B company. It was reported on Nov, 10 by Barchart.com. We have GBX 3259.99 PT which if reached, will make LON:ULE worth GBX 896.00M more.

Ultra Electronics Holdings plc (LON:ULE) Ratings Coverage

Out of 12 analysts covering Ultra Electronics Holdings PLC (LON:ULE), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Ultra Electronics Holdings PLC has been the topic of 58 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Espirito Santo Execution maintained it with “Buy” rating and GBX 2100 target price in Friday, September 4 report. The stock of Ultra Electronics Holdings plc (LON:ULE) has “Equal Weight” rating given on Monday, September 21 by Barclays Capital. The rating was maintained by JP Morgan on Tuesday, May 31 with “Overweight”. The company was maintained on Tuesday, January 5 by Barclays Capital. The stock of Ultra Electronics Holdings plc (LON:ULE) has “Neutral” rating given on Friday, February 26 by UBS. As per Wednesday, August 12, the company rating was maintained by JP Morgan. Deutsche Bank maintained it with “Hold” rating and GBX 1710 target price in Wednesday, October 7 report. The rating was maintained by JP Morgan with “Overweight” on Thursday, November 12. JP Morgan upgraded Ultra Electronics Holdings plc (LON:ULE) rating on Monday, September 28. JP Morgan has “Overweight” rating and GBX 1875 price target. Goldman Sachs maintained the shares of ULE in a report on Monday, September 5 with “Neutral” rating.

More news for Ultra Electronics Holdings plc (LON:ULE) were recently published by: Fool.Co.Uk, which released: “Are Gulf Keystone Petroleum Limited, Plus500 Ltd and Ultra Electronics …” on June 27, 2016. Fool.Co.Uk‘s article titled: “Are Chemring Group plc, Ultra Electronics Holdings plc & Avon Rubber plc Top …” and published on December 02, 2015 is yet another important article.

Ultra Electronics Holdings plc is a United Kingdom 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 has a market cap of 1.40 billion GBP. The Firm operates in three divisions: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. It has a 32.05 P/E ratio. The Aerospace & Infrastructure segment provides specialist solutions to the aerospace, rail, energy and nuclear markets.

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