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The latest update is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has announced the purchase and cancellation of 30,480 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, is part of the company’s strategic move to manage its share capital, impacting the total voting rights and share capital structure. The move is expected to influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 exhibits strong valuation and financial performance, with a compelling dividend yield and low P/E ratio suggesting undervaluation. However, technical indicators highlight bearish trends, which could signal short-term challenges. Positive corporate events such as stock buybacks bolster confidence in the company’s strategy and market position.
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, the UK’s oldest houseware brand, and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, catering to a wide range of retailers from large national and international chains to smaller national retail chains.
Average Trading Volume: 484,194
Technical Sentiment Signal: Sell
Current Market Cap: £51.58M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.