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.
An announcement from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.
Ultimate Products PLC has announced the purchase and cancellation of 9,680 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategic focus on optimizing its capital structure and potentially enhancing shareholder value. Following this cancellation, the company’s issued share capital now consists of 86,541,362 ordinary shares, which represents the total voting rights in the company. This move may have implications for shareholders in terms of their interest calculations 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. Ultimate Products sells to over 300 retailers across 38 countries and is known for its diverse range of products that are present in nearly 80% of UK households. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates showrooms in the UK, China, and France.
Average Trading Volume: 493,629
Technical Sentiment Signal: Sell
Current Market Cap: £46.39M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.