Ultimate Products (LON:ULTP) Earns “House Stock” Rating from Shore Capital Group

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reiterated by research analysts at Shore Capital Group in a research note issued to investors on Tuesday,Digital Look reports.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 80 target price on shares of Ultimate Products in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ultimate Products has an average rating of “Buy” and a consensus target price of GBX 80.

Ultimate Products Trading Up 2.5%

Shares of ULTP stock opened at GBX 49.50 on Tuesday. Ultimate Products has a 12-month low of GBX 41.80 and a 12-month high of GBX 79. The stock’s 50-day moving average price is GBX 45.68 and its 200-day moving average price is GBX 52.65. The stock has a market capitalization of £41.30 million, a price-to-earnings ratio of 11.00 and a beta of 0.56.

Ultimate Products (LON:ULTP) last issued its earnings results on Tuesday, March 24th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%. As a group, research analysts predict that Ultimate Products will post 14.53125 EPS for the current fiscal year.

Ultimate Products Company Profile

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.