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An update from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.
Ultimate Products PLC announced the purchase and cancellation of 6,980 ordinary shares as part of its ongoing share buyback program. This action reduces the total issued share capital to 86,629,287 shares, impacting the company’s voting rights structure and potentially influencing shareholder interests. The buyback reflects the company’s strategic financial management and could affect its market positioning.
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 Outperform.
UP Global Sourcing Holdings is well-positioned with strong financial performance and appealing valuation metrics. The positive momentum in technical indicators and a strategic share buyback program further enhance its attractiveness. Volatile revenue growth is a minor concern, but the company’s strong profitability and cash flow generation provide a solid foundation.
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. It sells to over 300 retailers across 38 countries and is known for its extensive market reach, with nearly 80% of UK households owning at least one of its products. Founded in 1997, the company is headquartered in Oldham, Greater Manchester, and has additional offices in Guangzhou, China, and Paris, France.
Average Trading Volume: 284,000
Technical Sentiment Signal: Sell
Current Market Cap: £65.19M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.