The defence firm is integrating a previously fragmented business model
Thursday 10 Oct 2019 Author: Tom Sieber
A slight pullback in the share price for defence firm Ultra Electronics ( ULE ) represents a good buying opportunity. A 2019 price-to-earnings ratio of 16-times does not look demanding with scope for the company to beat earnings forecasts as the benefits of a revamp of the business come through. Simon Pryce took over as chief executive in June 2018 after a tricky period for Ultra, reflected in the...