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The latest announcement is out from UP Global Sourcing Holdings ( (GB:ULTP) ).
Ultimate Products has announced the purchase and cancellation of 6,890 ordinary shares as part of its ongoing share buyback program. This transaction affects the company’s total voting rights, now consisting of 86,704,557 ordinary shares, which stakeholders can use for regulatory calculations. This move reflects the company’s strategic financial management, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UP Global Sourcing Holdings stock, see the GB:ULTP Stock Forecast page.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Outperform.
UP Global Sourcing Holdings’ strong valuation and strategic corporate events, including share buybacks and an employee share scheme, are the primary strengths, offering potential for both income and capital gains. Financial performance remains solid with effective cash flow management and a stable balance sheet, although technical analysis suggests potential short-term volatility.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray, which are well-established in the UK market. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling, and sells to over 300 retailers across 38 countries. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices and showrooms in Guangzhou, China, and Paris, France.
Average Trading Volume: 247,639
Technical Sentiment Signal: Sell
Current Market Cap: £64.15M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.
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