Ultimate Products Plc (LON:ULTP – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 40.20 and last traded at GBX 40.70, with a volume of 891554 shares. The stock had previously closed at GBX 43.60.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, May 26th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 80 price target on shares of Ultimate Products in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 80.
Read Our Latest Stock Analysis on ULTP
Ultimate Products Stock Performance
Ultimate Products (LON:ULTP – Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 2.70 EPS for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%. Research analysts predict that Ultimate Products Plc will post 14.53125 earnings per share for the current fiscal year.
Insider Buying and Selling at Ultimate Products
In other news, insider Chris Dent purchased 23,923 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of GBX 52 per share, for a total transaction of £12,439.96. 43.30% of the stock is currently owned by corporate insiders.
Ultimate Products Company Profile
Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.
Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.
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