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Ultimate Products PLC Executes Share Buyback, Cancels 6,970 Shares

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Ultimate Products PLC Executes Share Buyback, Cancels 6,970 Shares

Confident Investing Starts Here:

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

Ultimate Products PLC has announced the purchase and cancellation of 6,970 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, reduces the company’s total issued share capital to 86,690,777 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.

The overall score is driven primarily by strong financial performance and attractive valuation. Technical indicators suggest bullish momentum, though caution is advised due to overbought signals. Recent corporate actions, including share buybacks, reinforce management’s confidence and focus on shareholder value.

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. With a market presence in over 38 countries and sales to more than 300 retailers, Ultimate Products has established a significant footprint in both national and international markets. The company is headquartered in Oldham, Greater Manchester, and has additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 248,924

Technical Sentiment Signal: Sell

Current Market Cap: £63.81M

See more data about ULTP stock on TipRanks’ Stock Analysis page.

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