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.
The latest announcement is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc has announced the purchase and cancellation of 30,900 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, is part of the company’s strategy to manage its share capital and potentially enhance shareholder value. Following the cancellation, the company’s total issued share capital consists of 86,360,612 ordinary shares, impacting the total voting rights available to shareholders.
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 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 serves over 300 retailers across 38 countries, including both large and small national and international multi-channel retailers. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 486,061
Technical Sentiment Signal: Sell
Current Market Cap: £50.51M
See more data about ULTP stock on TipRanks’ Stock Analysis page.