Ultimate Products Plc (LON:ULTP – Get Free Report) shares were up 7.8% on Tuesday. The company traded as high as GBX 48.82 and last traded at GBX 48.50. 300,385 shares were traded during trading, an increase of 107% from the average daily volume of 145,086 shares. The stock had previously closed at GBX 45.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 75 target price on shares of Ultimate Products in a report on Tuesday. Shore Capital Group reaffirmed a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Ultimate Products currently has an average rating of “Buy” and an average price target of GBX 75.
Read Our Latest Stock Report on ULTP
Ultimate Products Stock Performance
The firm has a market capitalization of £41.52 million, a P/E ratio of 11.06 and a beta of 0.60. The business’s fifty day moving average price is GBX 48.93 and its two-hundred day moving average price is GBX 49.33.
Ultimate Products (LON:ULTP – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported GBX 4.30 earnings per share (EPS) for the quarter. Ultimate Products had a net margin of 2.69% and a return on equity of 8.41%. The business had revenue of £144.91 million for the quarter. Sell-side analysts predict that Ultimate Products Plc will post 14.53 earnings per share for the current year.
Insider Buying and Selling at Ultimate Products
In other Ultimate Products news, insider Chris Dent sold 4,875 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total transaction of £2,632.50. Corporate insiders own 43.17% of the company’s stock.
Ultimate Products Company Profile
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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