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Ultimate Products plc ( (GB:ULTP) ) has issued an update.
Ultimate Products plc announced that its Employee Benefit Trust (EBT) has acquired 19,096 ordinary shares at a price of 62.8373 pence per share, increasing the EBT’s holdings to approximately 3% of the company’s issued share capital. This transaction supports the company’s share incentive schemes, potentially enhancing employee engagement and aligning their interests with those of the company, thereby strengthening its operational framework and market position.
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 several leading brands such as Salter and Beldray. Established in 1997, the company specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. It serves over 300 retailers across 38 countries, including both large national and international multi-channel retailers as well as smaller national retail chains. Headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 374,717
Technical Sentiment Signal: Sell
Current Market Cap: £52.13M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.