Ultimate Products (LON:ULTP) Insider Simon Showman Sells 165,681 Shares of Stock

Ultimate Products Plc (LON:ULTP) insider Simon Showman sold 165,681 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of GBX 46, for a total transaction of £76,213.26.

Ultimate Products Price Performance

Shares of Ultimate Products stock opened at GBX 44.10 on Thursday. The company has a 50 day simple moving average of GBX 45.86 and a two-hundred day simple moving average of GBX 49.67. The firm has a market cap of £36.79 million, a PE ratio of 9.80 and a beta of 0.57. Ultimate Products Plc has a 1 year low of GBX 40.30 and a 1 year high of GBX 67.80.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ULTP. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 80 target price on shares of Ultimate Products in a research report on Thursday, May 28th. Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 80.

Ultimate Products Company Profile

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.