Ultimate Products PLC Advances Share Buyback Program

UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an announcement.

Ultimate Products PLC has announced the purchase and cancellation of 6,825 ordinary shares as part of its ongoing share buyback program. This transaction will adjust the company’s issued share capital to 86,636,267 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests under FCA rules.

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 is well-positioned with strong financial performance and appealing valuation metrics. The positive momentum in technical indicators and a strategic share buyback program further enhance its attractiveness. Volatile revenue growth is a minor concern, but the company’s strong profitability and cash flow generation provide a solid foundation.

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

More about UP Global Sourcing Holdings

Ultimate Products PLC is a company specializing in homeware brands, including Salter and Beldray, with a market presence in over 38 countries. The company focuses on five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling, and sells to a wide range of retailers from large multi-channel to smaller national chains.

Average Trading Volume: 279,222

Technical Sentiment Signal: Sell

Current Market Cap: £63.6M

Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.