Ultimate Products PLC Executes Share Buyback, Cancelling 7,000 Shares

An announcement from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.

Ultimate Products PLC has announced the purchase and cancellation of 7,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategic efforts to manage its share capital and enhance shareholder value. The cancellation of these shares will adjust the company’s total voting rights to 86,643,092, impacting how shareholders calculate their 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.

The overall stock score is driven by strong financial performance, attractive valuation, and positive corporate events such as share buybacks. While technical analysis indicates positive short-term momentum, the inconsistency in revenue growth and moderate reliance on debt are considerations to watch.

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, the UK’s oldest houseware brand, and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a presence in over 38 countries and sales to more than 300 retailers, Ultimate Products caters to a diverse range of retailers including discount stores, supermarkets, and online platforms. Headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 279,222

Technical Sentiment Signal: Sell

Current Market Cap: £63.6M

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