Ultimate Products Plc (LON:ULTP – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 115 ($1.48) and last traded at GBX 119.50 ($1.54), with a volume of 206724 shares changing hands. The stock had previously closed at GBX 125 ($1.61).
Analysts Set New Price Targets
ULTP has been the subject of several research analyst reports. Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.34) price target on shares of Ultimate Products in a research note on Tuesday, September 3rd.
Check Out Our Latest Research Report on Ultimate Products
Ultimate Products Stock Performance
Ultimate Products Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be issued a GBX 4.93 ($0.06) dividend. This is a boost from Ultimate Products’s previous dividend of $2.45. The ex-dividend date is Thursday, January 2nd. This represents a yield of 3.47%. Ultimate Products’s payout ratio is presently 5,000.00%.
Insider Activity at Ultimate Products
In other news, insider Chris Dent bought 1,780 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of GBX 140 ($1.80) per share, for a total transaction of £2,492 ($3,206.79). 56.58% of the stock is owned by corporate insiders.
About Ultimate Products
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.
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