Key Points
- Insider sale: Chris Dent sold 4,875 Ultimate Products shares at an average price of GBX 54, generating proceeds of £2,632.50.
- Stock performance: Ultimate Products shares rose 4.2% and opened at GBX 55, with a market capitalization of £45.89 million and a 12-month trading range of GBX 40.30 to GBX 66.80.
- Analyst outlook: Canaccord Genuity lowered its price target from GBX 80 to GBX 75 while maintaining a “buy” rating; the consensus rating remains “Buy” with a GBX 75 target.
Ultimate Products Plc (LON:ULTP - Get Free Report) insider Chris Dent sold 4,875 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total transaction of £2,632.50.
Ultimate Products Trading Up 4.2%
Shares of LON ULTP opened at GBX 55 on Friday. The firm has a 50 day moving average of GBX 51.54 and a 200 day moving average of GBX 48.78. The firm has a market capitalization of £45.89 million, a price-to-earnings ratio of 12.22 and a beta of 0.60. Ultimate Products Plc has a 12-month low of GBX 40.30 and a 12-month high of GBX 66.80.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ULTP. Shore Capital Group reissued a "house stock" rating on shares of Ultimate Products in a research report on Wednesday, August 19th. Canaccord Genuity Group reduced their price target on Ultimate Products from GBX 80 to GBX 75 and set a "buy" rating for the company in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ultimate Products has an average rating of "Buy" and a consensus target price of GBX 75.
Check Out Our Latest Analysis on Ultimate Products
Ultimate Products Company Profile
(
Get Free Report)
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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