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Ultimate Products plc ( (GB:ULTP) ) has issued an update.
Ultimate Products plc has announced the purchase and cancellation of 10,400 ordinary shares as part of its ongoing share buyback program. This action reduces the company’s issued share capital to 86,442,162 ordinary shares, impacting the total voting rights and potentially influencing shareholder interests under FCA regulations.
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 Outperform.
UP Global Sourcing Holdings demonstrates strong financial fundamentals and attractive valuation, but technical indicators suggest current bearish sentiment. The corporate events, including share buybacks, provide a positive outlook, supporting the stock’s potential for upside.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a company specializing in homeware brands, including Salter and Beldray, with a market presence in over 38 countries. The company focuses on product categories such as small domestic appliances, housewares, laundry, audio, and heating and cooling, selling to a wide range of retailers. Established in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in China and France.
Average Trading Volume: 497,351
Technical Sentiment Signal: Sell
Current Market Cap: £49.52M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.