Ultimate Products PLC Executes Share Buyback, Adjusts Voting Rights

The latest announcement is out from UP Global Sourcing Holdings ( (GB:ULTP) ).

Ultimate Products PLC has announced the purchase and cancellation of 6,770 of its own ordinary shares as part of a share buyback program initiated in May 2024. This move reduces the company’s issued share capital to 86,622,517 ordinary shares, impacting the total voting rights and potentially affecting 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 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 company specializing in homeware brands, including Salter and Beldray, and operates in the small domestic appliances, housewares, laundry, audio, and heating and cooling sectors. The company sells to over 300 retailers across 38 countries, serving a wide range of retailers from large international chains to smaller national retail chains. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and has additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 284,000

Technical Sentiment Signal: Sell

Current Market Cap: £65.19M

Learn more about ULTP stock on TipRanks’ Stock Analysis page.