Ultimate Products Plc (LON:ULTP – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 49.18 and traded as low as GBX 48.60. Ultimate Products shares last traded at GBX 49, with a volume of 90,372 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on ULTP shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 75 price objective on shares of Ultimate Products in a research note on Tuesday, October 27th. Shore Capital Group reissued 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, the company presently has a consensus rating of “Buy” and an average target price of GBX 75.
Check Out Our Latest Analysis on Ultimate Products
Ultimate Products Trading Down 3.5%
The company has a market cap of £40.88 million, a price-to-earnings ratio of 11.40 and a beta of 0.60. The business has a fifty day moving average of GBX 48.44 and a two-hundred day moving average of GBX 49.18.
Ultimate Products (LON:ULTP – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported GBX 4.30 EPS for the quarter. The company had revenue of £144.91 million for the quarter. Ultimate Products had a return on equity of 7.63% and a net margin of 2.50%. On average, research analysts forecast that Ultimate Products Plc will post 14.53 EPS for the current fiscal year.
Insider Transactions at Ultimate Products
In related news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total value of £2,632.50. Corporate insiders own 43.17% of the company’s stock.
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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