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An update from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.
Ultimate Products has announced the purchase and cancellation of 6,700 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategic focus on optimizing its capital structure and enhancing shareholder value. Following this cancellation, the company’s issued share capital now consists of 86,602,267 ordinary shares, impacting the total voting rights and potentially influencing shareholder interests under FCA regulations.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UP Global Sourcing Holdings 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.
The stock is rated positively due to strong financial performance and attractive valuation metrics. The company’s proactive share buyback strategy further supports its potential for shareholder value enhancement.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning several leading brands such as Salter 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 both large international and smaller national retail chains. Founded in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 282,924
Technical Sentiment Signal: Sell
Current Market Cap: £63.07M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.