Ultimate Products PLC Advances Share Buyback Program

UP Global Sourcing Holdings ( (GB:ULTP) ) has issued an announcement.

Ultimate Products PLC has announced the purchase and cancellation of 6,900 of its ordinary shares as part of its ongoing share buyback program. This transaction will reduce the company’s issued share capital to 86,739,167 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests. The move is part of the company’s strategic financial management to enhance shareholder value.

The most recent analyst rating on (GB:ULTP) stock is a Buy with a £182.00 price target. To see the full list of analyst forecasts on UP Global Sourcing Holdings 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’ strong financial performance and attractive valuation are key strengths, supported by consistent profitability, robust cash flow, and a strategic share buyback program. However, bearish technical indicators and revenue growth volatility pose some risks, balancing the overall investment outlook.

To see Spark’s full report on GB:ULTP stock, click here.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a company that owns several leading homeware brands, including Salter and Beldray, and specializes in product categories such as small domestic appliances, housewares, laundry, audio, and heating and cooling. The company sells to over 300 retailers across 38 countries and is headquartered in Oldham, Greater Manchester. It employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 218,222

Technical Sentiment Signal: Sell

Current Market Cap: £59.8M

See more data about ULTP stock on TipRanks’ Stock Analysis page.