Ultimate Products PLC Advances Share Buyback Program with Recent Share Cancellation

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

Ultimate Products PLC has announced the purchase and cancellation of 10,195 ordinary shares as part of its ongoing share buyback program. This move reduces the company’s total issued share capital to 86,551,042 ordinary shares, impacting the total voting rights and potentially influencing shareholder interests 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 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, targeting a diverse range of retail channels including discount retailers, supermarkets, and online platforms. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 476,192

Technical Sentiment Signal: Sell

Current Market Cap: £46.39M

See more insights into ULTP stock on TipRanks’ Stock Analysis page.