Ultimate Products Advances Share Buyback Program with Recent Share Cancellation

An announcement from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.

Ultimate Products has announced the purchase and cancellation of 6,990 ordinary shares as part of its ongoing share buyback program. This move will adjust the company’s issued share capital to 86,711,447 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest calculations under FCA rules.

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 receives a strong overall score driven by solid financial performance, positive technical indicators, and favorable corporate actions such as a share buyback program. While the financial performance shows some volatility in revenue growth, the company’s robust margins and strategic financial management bolster its overall prospects.

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 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 serves over 300 retailers across 38 countries, including both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.

Average Trading Volume: 247,639

Technical Sentiment Signal: Sell

Current Market Cap: £64.15M

For an in-depth examination of ULTP stock, go to TipRanks’ Stock Analysis page.