Ultimate Products Increases Employee Benefit Trust Stake to 3.4% of Share Capital

Ultimate Products plc ( (GB:ULTP) ) has provided an announcement.

Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust (EBT) has purchased 7,044 ordinary shares at 56.9 pence each, increasing the EBT’s holding to 2,934,014 shares, or about 3.4% of the company’s issued share capital. The additional shares will be used to satisfy awards under the company’s share incentive schemes, underscoring Ultimate Products’ continued emphasis on employee participation in the business and aligning staff interests with those of shareholders through meaningful equity ownership.

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, a long-established laundry, floorcare, heating and cooling brand. The Group focuses on five core product 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 via its own and third-party e-commerce platforms. Headquartered in Oldham with additional showrooms in Guangzhou and Paris, the company employs over 300 staff and operates a large graduate recruitment scheme, positioning itself as a major branded homewares supplier to both discount and mainstream retail channels.

Average Trading Volume: 168,109

Technical Sentiment Signal: Strong Sell

Current Market Cap: £46.93M

See more insights into ULTP stock on TipRanks’ Stock Analysis page.