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The latest update is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has announced the purchase and cancellation of 10,000 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 86,432,162 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests under FCA regulations.
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 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 demonstrates strong financial fundamentals and attractive valuation, but technical indicators suggest current bearish sentiment. The corporate events, including share buybacks, provide a positive outlook, supporting the stock’s potential for upside.
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 leading brands such as Salter and Beldray. The company specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products, selling to over 300 retailers across 38 countries. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates showrooms in the UK, China, and France.
Average Trading Volume: 497,351
Technical Sentiment Signal: Sell
Current Market Cap: £49.52M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.