Ultimate Products (LON:ULTP) Given “House Stock” Rating at Shore Capital Group

Ultimate Products (LON:ULTPGet Free Report)‘s stock had its “house stock” rating reaffirmed by investment analysts at Shore Capital Group in a note issued to investors on Wednesday,London Stock Exchange reports.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 80 target price on shares of Ultimate Products in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Ultimate Products presently has an average rating of “Buy” and an average target price of GBX 80.

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Ultimate Products Stock Down 4.0%

ULTP opened at GBX 44.60 on Wednesday. The firm has a market capitalization of £37.21 million, a P/E ratio of 9.91 and a beta of 0.57. The firm’s 50 day moving average is GBX 45.90 and its 200-day moving average is GBX 49.34. Ultimate Products has a 52-week low of GBX 40.30 and a 52-week high of GBX 67.80.

Insider Activity at Ultimate Products

In other Ultimate Products news, insider Chris Dent acquired 23,923 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of GBX 52 per share, for a total transaction of £12,439.96. Also, insider Simon Showman sold 165,681 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of GBX 46, for a total transaction of £76,213.26. 43.30% of the stock is owned by insiders.

About Ultimate Products

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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.

Further Reading

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