Ultimate Products (LON:ULTP) Shares Down 0.3% – Should You Sell?

Ultimate Products Plc (LON:ULTP)’s share price traded down 0.3% during trading on Thursday. The stock traded as low as GBX 45.20 and last traded at GBX 46. 100,896 shares were traded during mid-day trading, a decline of 33% from the average session volume of 149,731 shares. The stock had previously closed at GBX 46.15.

Wall Street Analyst Weigh In

ULTP has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Ultimate Products from GBX 80 to GBX 75 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Shore Capital Group reissued a “house stock” rating on shares of Ultimate Products in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 75.

Ultimate Products Stock Up 2.2%

The stock has a market capitalization of £39.21 million, a PE ratio of 10.44 and a beta of 0.60. The stock’s 50-day moving average is GBX 50.99 and its 200 day moving average is GBX 48.42.

Insider Activity at Ultimate Products

In other 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 transaction of £2,632.50. 43.17% of the stock is currently owned by corporate insiders.

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.