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

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reissued by stock analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday,Digital Look reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 80 target price on shares of Ultimate Products in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 75.

Ultimate Products Price Performance

Shares of ULTP opened at GBX 53.26 on Wednesday. The company has a 50-day simple moving average of GBX 50.19 and a two-hundred day simple moving average of GBX 48.94. The firm has a market capitalization of £44.43 million, a PE ratio of 11.83 and a beta of 0.59. Ultimate Products has a one year low of GBX 40.30 and a one year high of GBX 67.80.

Insider Transactions at Ultimate Products

In other news, insider Chris Dent bought 23,923 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of GBX 52 per share, for a total transaction of £12,439.96. Also, insider Simon Showman sold 165,681 shares of the company’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. Insiders own 43.17% of the company’s stock.

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.