Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 6,850 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction reduces the company’s issued share capital to 86,581,537 ordinary shares, impacting the total voting rights and potentially affecting shareholder 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.
The strong valuation and positive corporate events significantly boost the stock score. While financial performance is solid, volatile revenue growth poses a concern. Technical indicators suggest neutral momentum, but the attractive valuation and share buyback program enhance the stock’s appeal.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
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 sells to over 300 retailers across 38 countries, including both large national and international retailers, as well as smaller retail chains. 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: 284,125
Technical Sentiment Signal: Sell
Current Market Cap: £62.38M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.