Ultimate Products PLC Advances Share Buyback Program

The latest update is out from UP Global Sourcing Holdings ( (GB:ULTP) ).

Ultimate Products PLC has announced the purchase and cancellation of 7,110 of its own ordinary shares as part of its ongoing share buyback program. This move reduces the company’s total issued share capital to 86,650,092 ordinary shares, impacting the total voting rights and potentially affecting shareholder calculations under FCA rules. The share buyback reflects the company’s strategic efforts to manage its capital structure and 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 achieves a strong overall stock score of 82. The most significant factors are the attractive valuation with a low P/E ratio and high dividend yield, alongside positive technical indicators. The strategic corporate events, including the share buyback program, further enhance the company’s appeal by boosting shareholder value and optimizing its capital structure. While financial performance is solid, inconsistent revenue growth presents a minor risk.

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

More about UP Global Sourcing Holdings

Ultimate Products PLC is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a presence in over 38 countries and partnerships with more than 300 retailers, Ultimate Products caters to a diverse range of retailers from large multi-channel to smaller national chains. Founded in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.

Average Trading Volume: 268,773

Technical Sentiment Signal: Sell

Current Market Cap: £62.6M

Learn more about ULTP stock on TipRanks’ Stock Analysis page.