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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 10,100 ordinary shares as part of its ongoing share buyback program. This transaction reduces the company’s total issued share capital to 86,452,562 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests. The buyback is part of the company’s strategic financial management, aiming to enhance shareholder value and optimize capital structure.
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 Neutral.
UP Global Sourcing Holdings maintains a strong financial position with robust profitability and cash flow. However, technical indicators suggest weak market momentum, which could pose short-term challenges. The stock’s low valuation and high dividend yield make it an attractive option for value and income investors.
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 well-known brands such as Salter and Beldray. The company specializes in five product categories, including small domestic appliances, housewares, laundry, audio, and heating and cooling. With a presence in over 38 countries, Ultimate Products caters to a diverse range of retailers, from large national chains to smaller retail 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: 496,111
Technical Sentiment Signal: Sell
Current Market Cap: £49.53M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.