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

Ultimate Products Plc (LON:ULTP) insider Chris Dent purchased 23,923 shares of Ultimate Products stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of GBX 52 per share, with a total value of £12,439.96.

Ultimate Products Stock Down 0.4%

Shares of Ultimate Products stock traded down GBX 0.20 during trading on Thursday, hitting GBX 50.80. 403,743 shares of the company were exchanged, compared to its average volume of 167,326. The stock has a market capitalization of £42.38 million, a price-to-earnings ratio of 11.29 and a beta of 0.56. Ultimate Products Plc has a fifty-two week low of GBX 41.80 and a fifty-two week high of GBX 79. The firm has a 50 day moving average price of GBX 45.79 and a 200 day moving average price of GBX 52.50.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ULTP shares. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a research report on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.