Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ultimate Products plc ( (GB:ULTP) ) has provided an update.
Ultimate Products plc announced the purchase and cancellation of 9,750 ordinary shares as part of its ongoing share buyback program. This transaction affects the company’s total voting rights, now consisting of 86,522,512 ordinary shares. The buyback is a strategic move to potentially enhance shareholder value and reflects the company’s confidence in its market position and future prospects.
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 demonstrates strong financial performance and attractive valuation, supported by strategic corporate actions like share buybacks. However, technical indicators suggest bearish momentum, which could be a short-term risk.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a company that owns several leading homeware brands, including Salter and Beldray. It specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. The company sells to over 300 retailers in 38 countries, catering to a wide range of retailers from large multi-channel to smaller national chains. Founded in 1997, it is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 500,921
Technical Sentiment Signal: Sell
Current Market Cap: £46.38M
See more data about ULTP stock on TipRanks’ Stock Analysis page.