Ultimate Products PLC Advances Share Buyback Program

UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an announcement.

Ultimate Products PLC has announced the purchase and cancellation of 9,100 ordinary shares as part of its ongoing share buyback program. This action reduces the company’s total issued share capital to 86,532,262 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests. This move is part of the company’s strategic financial management to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:ULTP) stock is a Buy with a £80.00 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 company 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. It sells products to over 300 retailers across 38 countries, catering to both large national and international multi-channel retailers as well as smaller national retail chains. Established in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and has additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 493,629

Technical Sentiment Signal: Sell

Current Market Cap: £46.39M

For an in-depth examination of ULTP stock, go to TipRanks’ Overview page.