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The latest announcement is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has expanded the holdings of its Employee Benefit Trust (EBT), with the trustee purchasing 64,594 ordinary shares at 54.1844 pence per share, bringing the EBT’s total stake to 2,898,768 shares, or about 3.36% of the company’s issued share capital. The EBT is used to hold shares for the benefit of employees and to satisfy awards granted under the company’s share incentive schemes, underlining Ultimate Products’ continued emphasis on equity-based remuneration and employee participation in the group’s long-term value creation.
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, a specialist in laundry, floor care, heating and cooling. The group focuses on five core product categories—small domestic appliances, housewares, laundry, audio, and heating and cooling—and sells through more than 300 retailers in over 30 countries, as well as via its own and third-party 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 positions itself as a major supplier to both discounters and mainstream multi-channel retailers.
Average Trading Volume: 164,561
Technical Sentiment Signal: Strong Sell
Current Market Cap: £45.09M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.