Ultimate Products (LON:ULTP) Trading Up 13% – Still a Buy?

Ultimate Products Plc (LON:ULTP)’s stock price traded up 13% during trading on Monday . The stock traded as high as GBX 46 and last traded at GBX 46. 308,561 shares traded hands during trading, an increase of 66% from the average session volume of 185,576 shares. The stock had previously closed at GBX 40.70.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a report on Tuesday, May 26th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 80.

Ultimate Products Stock Up 13.0%

The stock has a market capitalization of £38.38 million, a PE ratio of 10.22 and a beta of 0.57. The stock’s 50 day moving average price is GBX 45.88 and its 200-day moving average price is GBX 51.09.

Ultimate Products (LON:ULTP) 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 net margin of 2.69% and a return on equity of 8.41%. As a group, sell-side analysts predict that Ultimate Products Plc will post 14.53125 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultimate Products

In related news, insider Chris Dent purchased 23,923 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average price of GBX 52 per share, with a total value of £12,439.96. Corporate insiders own 43.30% of the company’s stock.

About Ultimate Products

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.