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Ultimate Products plc ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products plc has confirmed that its ordinary shares have been admitted to trading on London’s AIM market, effective from 8 a.m. today, giving the company 86,330,132 ordinary shares in issue with voting rights. The admission marks a significant step in the group’s capital markets profile, providing a transparent share base for regulatory disclosure purposes and potentially broadening its investor base as it seeks to build on its strong brand portfolio and extensive retail reach in the homeware sector.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 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 Neutral.
Ultimate Products plc’s overall stock score is driven by its strong valuation, with a low P/E ratio and high dividend yield, making it attractive for value investors. However, the weak technical indicators and mixed financial performance, particularly the challenges in revenue growth, weigh down the score. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a UK-based owner of leading homeware brands, including Salter – the country’s oldest houseware brand – and Beldray, as well as Progress, Kleeneze, Petra and Intempo. The group focuses on small domestic appliances, housewares, laundry, audio, and heating and cooling products, supplying more than 300 retailers in over 30 countries and selling through both physical outlets and online channels. Founded in 1997 and headquartered in Oldham, Greater Manchester, with additional showrooms in Guangzhou and Paris, the company employs over 300 staff and has significant market penetration, with its products in nearly 80% of UK households.
Average Trading Volume: 164,044
Technical Sentiment Signal: Strong Sell
Current Market Cap: £45.09M
See more data about ULTP stock on TipRanks’ Stock Analysis page.