Canaccord Genuity Group reaffirmed their buy rating on shares of Ultimate Products (LON:ULTP – Free Report) in a report issued on Tuesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 75 price objective on the stock.
Separately, Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 75.
Check Out Our Latest Analysis on Ultimate Products
Ultimate Products Stock Up 8.2%
Shares of LON ULTP opened at GBX 49.90 on Tuesday. The stock’s 50 day moving average price is GBX 48.85 and its two-hundred day moving average price is GBX 49.31. Ultimate Products has a 52-week low of GBX 40.30 and a 52-week high of GBX 65. The stock has a market capitalization of £41.63 million, a P/E ratio of 11.09 and a beta of 0.60.
Ultimate Products (LON:ULTP – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported GBX 4.30 EPS for the quarter. Ultimate Products had a return on equity of 7.63% and a net margin of 2.50%. The company had revenue of £144.91 million for the quarter. On average, analysts anticipate that Ultimate Products will post 14.53 EPS for the current year.
Insider Buying and Selling
In other Ultimate Products news, insider Chris Dent sold 4,875 shares of Ultimate Products stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total value of £2,632.50. 43.17% of the stock is currently owned by insiders.
Ultimate Products Company Profile
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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