Ultra Electronics sells Airport Systems unit for £22m
2nd Nov 2018 07:47
(Sharecast News) - Defence and security company Ultra Electronics said it had agreed to sell its Airport Systems business to ADB SAFEGATE for £22m.
Read moreThursday broker round-up
9th Aug 2018 13:02
(Sharecast News) - BBA Aviation: Liberum upgrades to buy with a target price of 370p.
Read moreWednesday broker round-up
8th Aug 2018 12:36
(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.
Read moreUltra Electronics slumps on Kepler downgrade
7th Aug 2018 14:17
(Sharecast News) - Ultra Electronics tumbled on Tuesday as Kepler Cheuvreux downgraded its stance on the stock to 'hold' from 'buy' saying there is limited upside pending the chief executive officer's review.
Read moreUltra Electronics first-half profit hit by cost overruns
6th Aug 2018 07:18
(Sharecast News) - Ultra Electronics posted a drop in first-half profit on Monday as it took a hit from cost overruns on certain development contracts.
Read moreThursday broker round-up
5th Jan 2017 12:38
(ShareCast News) - Royal Dutch Shell B: UBS reiterates buy with a target price of 2500p. Aviva: JP Morgan reiterates overweight, 553p target. B&M European: HSBC reiterates buy with a 350p target. Breedon: Berenberg reiterates buy with a 85p target. Cobham: JP Morgan keeps at neutral with a 175p t
Read moreUltra Electronics extends sonobuoys supply contract with Royal Navy
4th Jan 2017 07:29
(ShareCast News) - Defence and security firm Ultra Electronics has won a contract extension from the Royal Navy for the supply of sonobuoys that it said is worth £9.7m. The FTSE 250 company's command and sonar systems sonobuoy facility in Greenford, Middlesex was awarded a contract extension to supp
Read moreUltra Electronics revenue growth to fall short of forecasts
6th Dec 2016 07:36
(ShareCast News) - Ultra Electronics said its trading performance remained in line with expectations, though full-year organic revenue growth will be "slightly below" previous guidance and there remained some blockages in the contract pipeline. The FTSE 250 group, a provider of electronics devices f
Read moreDirectors dealings: BAE Systems director takes profits
11th Nov 2016 17:46
(ShareCast News) - BAE Systems's group director for business development took advantage of a two-day spike in the shares of the aerospace and defence engineer to take some profits. On 10 November, Alan Garwood sold 33,000 shares at an individual price of 605p each, walking off with £199,650. Betwee
Read moreUltra Electronics awarded $7m US Navy contract
24th Oct 2016 08:20
(ShareCast News) - Ultra Electronics announced on Monday that its Ocean Systems business, based in Braintree, Massachusetts, has been awarded a contract valued at just over $6.6m from Lockheed Martin. The FTSE 250 company said the deal was for the non-recurring engineering and production of the MK 4
Read moreRolls-Royce boosted as JPMorgan says it's biggest FX winner in sector
10th Oct 2016 09:33
(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d
Read moreUltra Electronics wins $35m contract with US Navy
10th Oct 2016 07:17
(ShareCast News) - Ultra Electronics announced on Monday that it has been awarded a $34.6m cost-plus-fixed-fee contract by the US Department of the Navy to continue providing cyber-secure critical infrastructure solutions. The FTSE 250 firm said initial tasks of $13.9m should be completed by Septemb
Read moreUltra Electronics announces rebrand for Ultra Payments
20th Sep 2016 07:41
(ShareCast News) - Ultra Electronics announced the launch of a new brand for Ultra Payments on Tuesday - CORVID PayGate. The FTSE 250 firm said the division - also previously also known as Barron McCann Payments - specialises in the development and supply of global strategic payment processing softw
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreUltra Electronics wins £7.5m contract
7th Sep 2016 07:44
(ShareCast News) - Ultra Electronics' Command & Control Systems business has been awarded a £7.5m contract from the Philippine Department of National Defence for Phase 3B of the Jacinto Class Patrol Vessel Restoration and Sustainment Programme. The contract will be completed over a period of 25 mont
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