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Ultimate Products plc ( (GB:ULTP) ) has shared an announcement.
Ultimate Products plc announced the grant of deferred share awards under its Employee Share Scheme, aiming to retain and incentivize senior management. The grant involves options over 203,925 ordinary shares, with specific allocations to key managerial personnel. This move reflects the company’s strategy to strengthen its leadership team despite not meeting its target performance levels, as evidenced by the exclusion of the CFO from the awards. The company’s total share options now stand at 6,304,086, with the Employee Benefit Trust holding a significant portion of the issued share capital.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on Ultimate Products plc 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 scores well due to its strong financial performance and attractive valuation. The company’s consistent profitability and cash flow generation, coupled with a low P/E ratio and high dividend yield, make it appealing. Technical analysis shows mixed signals, with short-term bullish momentum but longer-term bearish trends.
To see Spark’s full report on GB:ULTP stock, click here.
More about Ultimate Products plc
Ultimate Products plc is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in a wide range of product categories including small domestic appliances, housewares, laundry, audio, and heating and cooling. It operates globally, selling to over 300 retailers across more than 30 countries, and has a significant presence in both physical and online retail platforms.
Average Trading Volume: 134,512
Technical Sentiment Signal: Sell
Current Market Cap: £53.63M
For detailed information about ULTP stock, go to TipRanks’ Stock Analysis page.