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Ultimate Products plc ( (GB:ULTP) ) has provided an announcement.
Ultimate Products plc announced that its Employee Benefit Trust purchased 19,789 ordinary shares, enhancing its holdings to approximately 2.98% of the company’s issued share capital. This move underscores the company’s commitment to its employee share incentive schemes, potentially strengthening employee engagement and aligning their interests with corporate 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 owner of leading homeware brands such as Salter and Beldray, specializing in small domestic appliances, housewares, laundry, audio, and heating and cooling products. The company sells to over 300 retailers across 38 countries and is headquartered in Oldham, Greater Manchester, with additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 399,961
Technical Sentiment Signal: Sell
Current Market Cap: £49.78M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.