Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ultimate Products plc ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products plc has announced the purchase and cancellation of 9,740 ordinary shares as part of its ongoing share buyback program, which was initiated in May 2024. This move reduces the company’s issued share capital to 86,503,172 ordinary shares, impacting the total voting rights and potentially influencing shareholder interests. The transaction was executed through Shore Capital Stockbrokers Limited, with a consistent price of 55.45 pence per share.
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 Ultimate Products plc 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 most significant factor is the company’s undervaluation, complemented by a strategic focus on enhancing shareholder value through buybacks. However, technical indicators show bearish momentum, which negatively impacts the score. Despite financial stability and profitability, inconsistent revenue growth and market conditions pose risks.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
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 to over 300 retailers across 38 countries, including both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 494,632
Technical Sentiment Signal: Sell
Current Market Cap: £47.54M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.