Broker tips: Ultra Electronics, Wolseley, Standard Chartered
6th Sep 2016 10:59
(ShareCast News) - Ultra Electronics was left with a 'buy' rating but had its target price lowered to 2,000p from 2,100p by Berenberg on Tuesday. Berenberg raised the earnings per share forecast for fiscal years 2017 and 2018 by 2% to reflect the company's positive half year interims and an improvin
Read moreBerenberg reiterates 'buy' on Ultra Electronics but cuts target price
6th Sep 2016 10:06
(ShareCast News) - Ultra Electronics was left with a 'buy' rating but had its target price lowered to 2,000p from 2,100p by Berenberg on Tuesday. Berenberg raised the earnings per share forecast for fiscal years 2017 and 2018 by 2% to reflect the company's positive half year interims and an improvin
Read moreUltra Electronics completes divestment of ID cards business
24th Aug 2016 08:39
(ShareCast News) - Ultra Electronics Holdings said on Wednesday it has completed the divestment of its ID cards business to LDC for £22m. The group, which provides services to defence, security, transport and energy industries, said it has received US regulatory approval. Ultra Electronics ID will
Read moreUltra Electronics H1 profit up; says Brexit may delay government contracts
1st Aug 2016 07:38
(ShareCast News) - Defence and engineering firm Ultra Electronics reported a rise in first-half pre-tax profit but said Brexit could affect the government's commitment to major defence projects. For the six months to 1 July, IFRS pre-tax profit rose 120% to £32.6m as revenue jumped 10.5% to £366.6m.
Read moreUltra Electronics wins $4m US Navy contract
18th Jul 2016 07:27
(ShareCast News) - Ultra Electronics said its Ocean Systems business, based in the USA, has been awarded a firm one year contract valued at just over $4m from the US Navy for the continuing production of the ADC MK2 Countermeasure. Options to extend the contract for a further four years could increa
Read moreUltra Electronics trades in line in first half
27th Jun 2016 08:29
(ShareCast News) - International defence, security, transport and energy company Ultra Electronics issued a pre-close trading statement on Monday, ahead of its interim results for 2016, and confirmed trading in the first half has been as expected. The FTSE 250 firm said based on exchange rates on 23
Read moreTuesday broker round-up
31st May 2016 11:56
(ShareCast News) - B&M European Value: Retail HSBC reiterates buy with a 410p target. Zoopla: Jefferies stays at buy with a 430p target. Royal Dutch Shell "a": UBS reiterates buy with a target price of 1950p and HSBC stays at buy with a 2000p target. Ultra Electronic Holdings: JP Morgan reiterates
Read moreUltra Electronics to sell ID business
27th May 2016 08:00
(ShareCast News) - Ultra Electronics has agreed to sell its global ID business, Ultra Electronics ID, to private equity firm LDC, for an initial £22m in cash, with additional payments of up to £3m subject to earnings growth over the next two years. Ultra said the proceeds of the disposal will be use
Read moreUltra Electronics picks up delayed drone surveillance contract
18th May 2016 08:37
(ShareCast News) - Ultra Electronics has won a $18.4m electronic warfare equipment contract for drone aircraft, which had been delayed from the last financial year. Montreal subsidiary Ultra TCS picked up the contract, from an unnamed customer 'in a NATO country', to provide electronic warfare equip
Read moreUltra Electronics wins sonobuoy contract extension with Royal Navy
22nd Apr 2016 07:48
(ShareCast News) - Ultra Electronics has won a £9.5m contract extension to supply its anti-submarine sonobuoys to the Royal Navy's Merlin Maritime Patrol Helicopter, releasing some of the £100m of pent-up orders delayed from the last financial year. The contract between Ultra and the UK Ministry of
Read moreUltra Electronics wins $9m Raytheon contract
12th Apr 2016 07:41
(ShareCast News) - Ultra Electronics Holdings has won a $9.3m (£6.53m) contract from Raytheon Integrated Defense Systems for the supply of its RiQ Ruggedized Networking Switch (RIQ) for integration into the Patriot air and missile defense system. The contract includes the supply of spares and will b
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreFTSE 250 movers: Ocado, Ultra and Hiscox weigh on index
29th Feb 2016 14:29
(ShareCast News) - The FTSE 250 crawled back towards parity by mid-afternoon on Monday after an early morning dip, but the index remained doggedly on the wrong side of the line. Shares in Vedanta Resources led the recovery over the day, climbing on news that India will shelve export taxes on low-gra
Read moreBroker tips: ITV, Ultra Electronics, IAG
29th Feb 2016 12:32
(ShareCast News) - Goldman Sachs downgraded ITV to 'neutral' from 'buy' and cut the price target to 297p from 329p on the back of a softer advertising outlook and ongoing rating weakness that it said could weigh on programming costs. The bank noted that since being added to the 'buy' list on 12 Octo
Read moreBroker tips: ITV, Ultra Electronics, IAG
29th Feb 2016 12:30
(ShareCast News) - Goldman Sachs downgraded ITV to 'neutral' from 'buy' and cut the price target to 297p from 329p on the back of a softer advertising outlook and ongoing rating weakness that it said could weigh on programming costs. The bank noted that since being added to the 'buy' list on 12 Octo
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