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Ultimate Products plc ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has purchased 34,176 ordinary shares in the company at 57.1929 pence per share, as part of arrangements to satisfy awards under its employee share incentive schemes. Following this transaction, the EBT now holds 2,813,534 ordinary shares, representing about 3.26% of the company’s issued share capital, underscoring the group’s continued use of equity-based incentives to align employees’ interests with those of shareholders.
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 branded consumer goods business focused on homeware, owning well-known names such as Salter, the UK’s oldest houseware brand, and Beldray, a long-established laundry, floorcare, heating and cooling brand. The group specialises in small domestic appliances, housewares, laundry, audio, and heating and cooling products, selling through more than 300 retailers across over 30 countries as well as its own and third-party e-commerce platforms. Headquartered in Oldham with additional offices in Guangzhou and Paris, the company employs over 300 staff and runs one of the largest graduate development schemes in North West England.
Average Trading Volume: 146,499
Technical Sentiment Signal: Sell
Current Market Cap: £49.44M
See more data about ULTP stock on TipRanks’ Stock Analysis page.