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Ultimate Products plc ( (GB:ULTP) ) has shared an announcement.
Ultimate Products plc announced that its Employee Benefit Trust has acquired 27,448 ordinary shares, bringing its total holdings to approximately 3.12% of the company’s issued share capital. This move is part of the company’s strategy to support its share incentive schemes, which aim to benefit its employees and potentially enhance workforce motivation and retention.
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 player in the homeware industry, owning renowned 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 30 countries, Ultimate Products sells to a wide range of retailers and operates from its headquarters in Oldham, Greater Manchester, with additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 97,923
Technical Sentiment Signal: Sell
Current Market Cap: £52.8M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.