Ultimate Products’ (ULTP) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Ultimate Products (LON:ULTP) in a report released on Tuesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 80 target price on the stock.

Separately, Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ultimate Products currently has a consensus rating of “Buy” and a consensus price target of GBX 80.

Ultimate Products Stock Down 0.8%

Shares of LON ULTP opened at GBX 62.50 on Tuesday. Ultimate Products has a 52 week low of GBX 43.80 and a 52 week high of GBX 142. The firm has a 50-day moving average price of GBX 62.41 and a 200 day moving average price of GBX 64.05. The stock has a market capitalization of £52.40 million, a price-to-earnings ratio of 7.72 and a beta of 1.39.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, October 28th. The company reported GBX 6.80 EPS for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. Equities research analysts expect that Ultimate Products will post 14.53125 EPS for the current fiscal year.

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.