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Ultimate Products plc ( (GB:ULTP) ) has shared an update.
Ultimate Products plc has announced that the trustee of its Employee Benefit Trust (EBT) has purchased 20,388 ordinary shares in the company at 55.6044p per share, taking the EBT’s holding to 2,779,358 shares, or about 3.22% of the company’s issued share capital. The EBT shares are held to satisfy awards under the group’s share incentive schemes, underscoring Ultimate Products’ ongoing use of equity-based remuneration to incentivise and retain employees, and modestly increasing the pool of shares earmarked for staff participation in the business.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 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.
Ultimate Products plc’s overall stock score is driven by its strong valuation, with a low P/E ratio and high dividend yield, making it attractive for value investors. However, the weak technical indicators and mixed financial performance, particularly the challenges in revenue growth, weigh down the score. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a UK-based owner of leading homeware brands including Salter, Beldray, Progress, Kleeneze, Petra and Intempo. The Group focuses on five main categories – small domestic appliances, housewares, laundry, audio, and heating and cooling – and sells through more than 300 retailers in over 30 countries, as well as its own and third‑party online channels. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 300 staff and is positioned as a major supplier to both discounters and large multi-channel retailers, with strong household penetration in the UK.
Average Trading Volume: 136,611
Technical Sentiment Signal: Sell
Current Market Cap: £45.59M
For an in-depth examination of ULTP stock, go to TipRanks’ Overview page.