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The latest announcement is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has announced the purchase and cancellation of 10,100 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategy to manage its share capital and potentially enhance shareholder value. Following this cancellation, the company’s issued share capital now consists of 86,422,062 ordinary shares, which will be used to determine voting rights and shareholder interests under FCA regulations.
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 fundamentals and attractive valuation, but technical indicators suggest current bearish sentiment. The corporate events, including share buybacks, provide a positive outlook, supporting the stock’s potential for upside.
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 specializes in five key product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a market presence in over 38 countries, Ultimate Products caters to a diverse range of retailers, from large international chains to smaller national outlets. Established in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 486,095
Technical Sentiment Signal: Sell
Current Market Cap: £50.51M
For an in-depth examination of ULTP stock, go to TipRanks’ Overview page.