Key Points
- Insider buying: Ultimate Products insider Chris Dent bought 23,923 shares on May 28 at an average price of GBX 52, totaling about £12,439.96.
- Stock snapshot: The shares opened at GBX 50.80, with a market cap of £42.38 million and a P/E ratio of 11.29. The stock has traded between GBX 41.80 and GBX 79 over the past year.
- Analyst view: Research firms recently reiterated positive ratings, including a "buy" from Canaccord Genuity with a GBX 80 target price. MarketBeat data shows a consensus rating of Buy and an average price target of GBX 80.
Ultimate Products Plc (LON:ULTP - Get Free Report) insider Chris Dent acquired 23,923 shares of the stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of GBX 52 per share, with a total value of £12,439.96.
Ultimate Products Stock Performance
LON:ULTP opened at GBX 50.80 on Friday. The stock has a 50-day simple moving average of GBX 45.90 and a 200-day simple moving average of GBX 52.41. The stock has a market cap of £42.38 million, a P/E ratio of 11.29 and a beta of 0.56. Ultimate Products Plc has a 1 year low of GBX 41.80 and a 1 year high of GBX 79.
Ultimate Products (LON:ULTP - Get Free Report) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%. On average, equities research analysts predict that Ultimate Products Plc will post 14.53125 EPS for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on ULTP. Shore Capital Group reissued a "house stock" rating on shares of Ultimate Products in a report on Tuesday. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 80 target price on shares of Ultimate Products in a report on Thursday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 80.
Read Our Latest Report on ULTP
Ultimate Products Company Profile
(
Get Free Report)
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.
Further Reading
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