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Ultimate Products plc ( (GB:ULTP) ) has shared an update.
Ultimate Products plc has disclosed that its Employee Benefit Trust has purchased 35,390 ordinary shares in the company at 56.5123 pence per share, taking the trust’s holding to 2,758,970 shares, or about 3.2% of the issued share capital. The EBT exists to hold shares for the benefit of employees and to satisfy awards under the group’s share incentive schemes, so the increased stake underlines the company’s ongoing use of share-based remuneration as a key part of its employee rewards structure, which may help align staff interests more closely with shareholder value and support talent retention across its international operations.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 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 homeware-focused consumer goods group that owns a portfolio of well-known brands including Salter, the UK’s oldest houseware brand, and Beldray, which specialises in laundry, floor care, heating and cooling products. The company serves over 300 retailers in more than 30 countries, supplying discounters, supermarkets and general retailers, and also sells via its own Salter and Beldray e-commerce sites and major online marketplaces. Operating across five core categories—small domestic appliances, housewares, laundry, audio, and heating and cooling—its wider brand stable includes Progress, Kleeneze, Petra and Intempo. Founded in 1997 and headquartered in Oldham, Greater Manchester, with additional offices in Guangzhou and Paris, Ultimate Products employs over 300 staff and runs one of the North West’s largest graduate schemes, while holding exclusive licences to use the Russell Hobbs trademark for cookware and laundry products.
Average Trading Volume: 131,873
Technical Sentiment Signal: Sell
Current Market Cap: £45.25M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.