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Ultimate Products plc ( (GB:ULTP) ) just unveiled an update.
Ultimate Products plc announced that its Employee Benefit Trust (EBT) has purchased 18,281 ordinary shares, enhancing its holdings to approximately 3.04% of the company’s issued share capital. This move is part of the company’s strategy to support its employee share incentive schemes, reflecting its commitment to employee benefits and potentially strengthening its market position by aligning employee interests with company performance.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £69.00 price target. To see the full list of analyst forecasts on Ultimate Products plc 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 scores well due to its strong financial performance and attractive valuation. The company’s consistent profitability and cash flow generation, coupled with a low P/E ratio and high dividend yield, make it appealing. Technical analysis shows mixed signals, with short-term bullish momentum but longer-term bearish trends.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a prominent player in the homeware industry, owning leading brands such as Salter and Beldray. The company specializes in a range of product categories including small domestic appliances, housewares, laundry, audio, and heating and cooling. With a market presence in 38 countries, Ultimate Products serves over 300 retailers, including large national and international multi-channel retailers, discount retailers, supermarkets, and online platforms. Established in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 187,916
Technical Sentiment Signal: Sell
Current Market Cap: £53.63M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.