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The latest update is out from Ultimate Products plc ( (GB:ULTP) ).
Ultimate Products plc announced that its Employee Benefit Trust purchased 10,727 ordinary shares at 63 pence each, increasing its holding to 2,531,760 shares, which represents 2.93% of the company’s issued share capital. This move is part of the company’s strategy to support its share incentive schemes, potentially enhancing employee engagement and aligning staff interests with company performance.
The most recent analyst rating on (GB:ULTP) stock is a Buy with a £69.00 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.
The stock’s overall score is driven by strong valuation metrics, including a low P/E ratio and high dividend yield, suggesting potential undervaluation and income opportunities. Financial performance is solid, with consistent profitability and cash flow, although revenue growth volatility and technical indicators suggest caution due to potential 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 product categories including small domestic appliances, housewares, laundry, audio, and heating and cooling. With a market presence in over 38 countries and a customer base that includes major national and international retailers, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 442,427
Technical Sentiment Signal: Sell
Current Market Cap: £55.31M
See more data about ULTP stock on TipRanks’ Stock Analysis page.