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

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

Ultimate Products Price Performance

Shares of ULTP opened at GBX 44.10 on Thursday. The stock has a 50-day moving average of GBX 45.86 and a 200-day moving average of GBX 49.67. Ultimate Products Plc has a one year low of GBX 40.30 and a one year high of GBX 67.80. The company has a market cap of £36.79 million, a PE ratio of 9.80 and a beta of 0.57.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ULTP shares. Shore Capital Group reissued a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, May 26th. Canaccord Genuity Group restated a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a research note on Thursday, May 28th. 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 an average price target of GBX 80.

About Ultimate Products

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.