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Ultimate Products plc ( (GB:ULTP) ) has shared an announcement.
Ultimate Products plc announced that its Employee Benefit Trust (EBT) has purchased 30,703 ordinary shares, enhancing its holdings to approximately 3.15% of the company’s issued share capital. This move is part of the company’s strategy to support its share incentive schemes, which benefit its employees and potentially strengthen its market position by aligning employee interests with company performance.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £80.00 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 Outperform.
UP Global Sourcing Holdings scores well due to its strong financial performance and attractive valuation. The company’s consistent profitability and cash flow generation, coupled with a low P/E ratio and high dividend yield, make it appealing. Technical analysis shows mixed signals, with short-term bullish momentum but longer-term bearish trends.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a prominent company in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. It operates globally, selling to over 300 retailers across more than 30 countries, and maintains a strong presence in both physical and online marketplaces. Headquartered in Oldham, Greater Manchester, Ultimate Products employs over 300 staff and is recognized as a Great Place to Work®.
Average Trading Volume: 104,093
Technical Sentiment Signal: Sell
Current Market Cap: £50.11M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.