Ultimate Products’ (ULTP) House Stock Rating Reiterated at Shore Capital Group

Shore Capital Group restated their house stock rating on shares of Ultimate Products (LON:ULTP) in a report released on Wednesday,Digital Look reports.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 80 price target on shares of Ultimate Products in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Ultimate Products currently has an average rating of “Buy” and a consensus price target of GBX 75.

Ultimate Products Stock Performance

Shares of Ultimate Products stock opened at GBX 53 on Wednesday. Ultimate Products has a 12 month low of GBX 40.30 and a 12 month high of GBX 67.80. The firm has a market capitalization of £44.22 million, a P/E ratio of 11.78 and a beta of 0.60. The business has a fifty day simple moving average of GBX 50.82 and a two-hundred day simple moving average of GBX 48.95.

Insider Activity

In related news, insider Chris Dent purchased 23,923 shares of the 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. Also, insider Simon Showman sold 165,681 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 46, for a total transaction of £76,213.26. 43.17% of the stock is 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.