The stock of Ultra Electronics Holdings plc (LON:ULE) reached all time high today, Nov, 11 and still has GBX 2436.46 target or 22.00% above today’s GBX 1997.10 share price. This indicates more upside for the GBX 1.48 billion company. This technical setup was reported by Barchart.com. If the GBX 2436.46 PT is reached, the company will be worth GBX 325.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.64% or GBX 12.9 on November 11, hitting GBX 1997.1. About 326,854 shares traded hands or 64.08% up from the average. Ultra Electronics Holdings plc (LON:ULE) has risen 12.71% since April 14, 2016 and is uptrending. It has outperformed by 6.57% the S&P500.
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. The firm has “Overweight” rating by JP Morgan given on Monday, July 18. The stock of Ultra Electronics Holdings plc (LON:ULE) earned “Overweight” rating by JP Morgan on Wednesday, June 15. The firm has “Buy” rating given on Wednesday, November 11 by Liberum Capital. The firm has “Overweight” rating given on Thursday, May 12 by JP Morgan. The rating was maintained by JP Morgan on Thursday, November 10 with “Overweight”. The firm has “Buy” rating by Berenberg given on Wednesday, January 20. On Tuesday, May 31 the stock rating was maintained by JP Morgan with “Overweight”. The company was maintained on Friday, September 9 by Goldman Sachs. Liberum Capital downgraded the shares of ULE in a report on Thursday, November 26 to “Hold” rating. Barclays Capital maintained it with “Equal Weight” rating and GBX 1910 target price in Thursday, January 7 report.
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 1.48 billion GBP. The Firm operates in three divisions: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. It has a 32.2 P/E ratio. The Aerospace & Infrastructure segment provides specialist solutions to the aerospace, rail, energy and nuclear markets.
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