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An announcement from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.
Ultimate Products has announced the purchase and cancellation of 6,900 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategic focus on optimizing its capital structure and enhancing shareholder value. The cancellation of these shares will adjust the company’s issued share capital to 86,677,602 ordinary shares, impacting voting rights calculations for shareholders. This move is part of Ultimate Products’ broader strategy to strengthen its market position and deliver value to its stakeholders.
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.
The overall score is driven primarily by strong financial performance and attractive valuation. Technical indicators suggest bullish momentum, though caution is advised due to overbought signals. Recent corporate actions, including share buybacks, reinforce management’s confidence and focus on shareholder value.
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. The company specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. It serves over 300 retailers across 38 countries, catering to a diverse range of retail channels including discount retailers, supermarkets, and online platforms. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 257,583
Technical Sentiment Signal: Sell
Current Market Cap: £63.63M
For an in-depth examination of ULTP stock, go to TipRanks’ Stock Analysis page.