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UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an update.
Ultimate Products PLC has announced the purchase and cancellation of 7,080 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This action reduces the company’s issued share capital to 86,588,387 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests under the FCA’s Disclosure Guidance and Transparency 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.
The overall stock score is driven primarily by a strong valuation due to a low P/E ratio and high dividend yield, indicating potential undervaluation and attractiveness for income investors. Financial performance is solid with strong margins and reduced leverage, though revenue volatility is a concern. Technical indicators suggest bullish momentum, but proximity to resistance levels warrants caution.
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 leading brands such as Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, catering to both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 284,692
Technical Sentiment Signal: Sell
Current Market Cap: £63.56M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.