Chris Dent Sells 4,875 Shares of Ultimate Products (LON:ULTP) Stock

Ultimate Products Plc (LON:ULTP) insider Chris Dent sold 4,875 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total value of £2,632.50.

Ultimate Products Trading Up 1.6%

LON ULTP opened at GBX 53.66 on Thursday. The business’s 50-day moving average price is GBX 51.32 and its two-hundred day moving average price is GBX 48.80. Ultimate Products Plc has a 12 month low of GBX 40.30 and a 12 month high of GBX 66.80. The firm has a market capitalization of £44.77 million, a PE ratio of 11.92 and a beta of 0.60.

Analysts Set New Price Targets

A number of analysts have weighed in on ULTP shares. Canaccord Genuity Group decreased their target price on shares of Ultimate Products from GBX 80 to GBX 75 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 75.

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.