Ultimate Products (LON:ULTP) Insider Chris Dent Acquires 23,923 Shares

Ultimate Products Plc (LON:ULTP) insider Chris Dent bought 23,923 shares of the stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of GBX 52 per share, for a total transaction of £12,439.96.

Ultimate Products Trading Down 0.4%

ULTP stock traded down GBX 0.20 during trading on Thursday, reaching GBX 50.80. The stock had a trading volume of 403,743 shares, compared to its average volume of 167,326. Ultimate Products Plc has a 52 week low of GBX 41.80 and a 52 week high of GBX 79. The stock’s 50 day moving average is GBX 45.79 and its two-hundred day moving average is GBX 52.50. The firm has a market cap of £42.38 million, a PE ratio of 11.29 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Shore Capital Group reissued a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 80 price objective on shares of Ultimate Products in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 80.

About Ultimate Products

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.