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Ultimate Products plc ( (GB:ULTP) ) has shared an announcement.
Ultimate Products plc announced that its Employee Benefit Trust (EBT) has acquired 19,065 ordinary shares at a price of 62.9397 pence per share. This purchase increases the EBT’s holdings to 2,661,163 shares, representing approximately 3.08% of the company’s issued share capital. This move is part of the company’s strategy to support its share incentive schemes, potentially enhancing employee engagement and aligning staff interests with company performance.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £69.00 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 several leading brands such as Salter and Beldray. The company, founded in 1997 and headquartered in Oldham, Greater Manchester, specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It serves over 300 retailers across 38 countries and operates showrooms in the UK, China, and France.
Average Trading Volume: 136,152
Technical Sentiment Signal: Sell
Current Market Cap: £51.29M
For an in-depth examination of ULTP stock, go to TipRanks’ Overview page.