Ultimate Products Enhances Capital Structure with Share Buyback

The latest update is out from UP Global Sourcing Holdings ( (GB:ULTP) ).

Ultimate Products PLC announced the purchase and cancellation of 6,850 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Shore Capital Stockbrokers Limited, reflects the company’s strategic focus on optimizing its capital structure. Following this cancellation, the company’s issued share capital now consists of 86,732,317 ordinary shares, which impacts the total voting rights and may influence shareholder notifications under FCA rules.

The most recent analyst rating on (GB:ULTP) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UP Global Sourcing Holdings 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’ strong financial performance and attractive valuation are key strengths, supported by consistent profitability, robust cash flow, and a strategic share buyback program. However, bearish technical indicators and revenue growth volatility pose some risks, balancing the overall investment outlook.

To see Spark’s full report on GB:ULTP stock, click here.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a market presence in over 38 countries and partnerships with more than 300 retailers, Ultimate Products serves a diverse range of retail channels, including discount retailers, supermarkets, and online platforms. Established in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 217,254

Technical Sentiment Signal: Sell

Current Market Cap: £60.47M

For an in-depth examination of ULTP stock, go to TipRanks’ Stock Analysis page.