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Ultimate Products plc ( (GB:ULTP) ) has provided an update.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust (EBT) purchased 28,202 ordinary shares at 54.9489p per share, increasing the EBT’s holding to 2,926,970 shares, or about 3.39% of the company’s issued share capital. The EBT exists to hold shares for the benefit of employees and to satisfy awards under the company’s share incentive schemes, and the latest purchase underscores the group’s ongoing use of equity-based incentives to support employee engagement and align staff interests with long-term shareholder value.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 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, the country’s oldest houseware brand, and Beldray, focused on laundry, floor care, heating and cooling. The group specialises in small domestic appliances, housewares, laundry, audio, and heating and cooling, selling through more than 300 retailers across over 30 countries, as well as its own and third-party online platforms. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company operates showrooms in the UK, China and France, employs over 300 staff, and holds exclusive licences for the Russell Hobbs brand in cookware and laundry products (excluding electrical appliances).
Average Trading Volume: 166,145
Technical Sentiment Signal: Strong Sell
Current Market Cap: £46.76M
See more data about ULTP stock on TipRanks’ Stock Analysis page.