Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Ultimate Products plc ( (GB:ULTP) ) is now available.
Ultimate Products plc announced that its Employee Benefit Trust (EBT) purchased 19,119 ordinary shares at 62.76 pence each, increasing its holding to 2,699,745 shares, or 3.13% of the company’s issued share capital. This transaction underscores the company’s commitment to its employee incentive schemes, potentially enhancing employee satisfaction and aligning staff interests with corporate performance, thereby strengthening its 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. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It operates across more than 30 countries, selling to over 300 retailers, and has a strong presence in both physical and online marketplaces. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 300 staff and is recognized as a Great Place to Work®.
Average Trading Volume: 121,736
Technical Sentiment Signal: Sell
Current Market Cap: £51.04M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.