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UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 10,000 ordinary shares as part of its ongoing share buyback program. This move, executed through Shore Capital Stockbrokers Limited, reduces the company’s total issued share capital to 86,571,537 ordinary shares. The buyback is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting confidence in its market position and future prospects.
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 scores well due to its strong financial performance and attractive valuation metrics. The company’s share buyback program and insider purchases further bolster confidence. However, the technical analysis indicates neutral momentum, and inconsistent revenue growth poses a 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. Established in 1997 and headquartered in Oldham, Greater Manchester, the company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a market presence in 38 countries, Ultimate Products caters to a wide range of retailers, from large international chains to smaller national outlets.
Average Trading Volume: 437,620
Technical Sentiment Signal: Sell
Current Market Cap: £43.88M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.