Ultimate Products (LON:ULTP – Get Free Report)‘s stock had its “house stock” rating restated by investment analysts at Shore Capital Group in a note issued to investors on Wednesday,Digital Look reports.
Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 75.
Get Our Latest Analysis on ULTP
Ultimate Products Price Performance
Insiders Place Their Bets
In other news, insider Simon Showman sold 165,681 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of GBX 46, for a total value of £76,213.26. Also, insider Chris Dent bought 23,923 shares of Ultimate Products stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £12,439.96. 43.17% of the stock is currently owned by corporate insiders.
About Ultimate Products
Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.
The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.
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