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UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an update.
Ultimate Products PLC has announced the purchase and cancellation of 10,300 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Shore Capital Stockbrokers Limited, reflects the company’s efforts to manage its share capital and enhance shareholder value. Following this buyback, the company’s total issued share capital consists of 86,561,237 ordinary shares, impacting the total voting rights and potentially influencing shareholder decisions 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 Neutral.
The overall stock score is driven by strong financial health and attractive valuation, moderated by bearish technical signals. Corporate events, particularly the active share buyback program and insider purchases, further support the stock’s positive outlook despite current market challenges.
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, Ultimate Products caters to a wide range of retailers, including large national and international chains, discount retailers, and online platforms. Established 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: 462,592
Technical Sentiment Signal: Sell
Current Market Cap: £43.88M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.