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The latest update is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has announced the commencement of a share purchase program by its Employee Benefit Trust (EBT) to buy ordinary shares up to £325,000 by January 2026. This initiative aims to mitigate the dilutive impact of share option awards and enhance shareholder returns. Concurrently, the company will pause its Share Buyback Programme following the completion of its fourth tranche, aligning with its Capital Allocation Policy to maintain a net bank debt/adjusted EBITDA ratio of around 1.0x. The company intends to continue investing in growth while returning 50% of post-tax profits to shareholders through dividends and supplementing with share buybacks when feasible.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £80.00 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 exhibits strong valuation and financial performance, with a compelling dividend yield and low P/E ratio suggesting undervaluation. However, technical indicators highlight bearish trends, which could signal short-term challenges. Positive corporate events such as stock buybacks bolster confidence in the company’s strategy and market position.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a company that owns several leading homeware brands, including 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, catering to both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and has additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 483,481
Technical Sentiment Signal: Sell
Current Market Cap: £49.28M
See more data about ULTP stock on TipRanks’ Stock Analysis page.