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

Shore Capital reaffirmed their house stock rating on shares of Ultimate Products (LON:ULTP) in a research report report published on Tuesday, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group reaffirmed a buy rating and set a GBX 182 ($2.39) price objective on shares of Ultimate Products in a report on Tuesday.

Ultimate Products Price Performance

ULTP stock opened at GBX 143 ($1.88) on Tuesday. The company’s 50-day moving average is GBX 140.93 and its 200-day moving average is GBX 147.58. The firm has a market cap of £122.95 million, a P/E ratio of 1,021.43 and a beta of 1.39.

Insider Transactions at Ultimate Products

In other news, insider Simon Showman sold 45,720 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.80), for a total transaction of £62,636.40 ($82,362.13). In other news, insider Simon Showman sold 45,720 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of GBX 137 ($1.80), for a total transaction of £62,636.40 ($82,362.13). Also, insider Chris Dent acquired 1,780 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of GBX 140 ($1.84) per share, for a total transaction of £2,492 ($3,276.79). Company insiders own 57.07% of the company’s stock.

Ultimate Products Company Profile

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.