Insider Selling: Ultimate Products (LON:ULTP) Insider Sells £2,632.50 in Stock

Ultimate Products Plc (LON:ULTP) insider Chris Dent sold 4,875 shares of Ultimate Products stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total value of £2,632.50.

Ultimate Products Trading Down 2.2%

ULTP stock opened at GBX 53.80 on Friday. The company has a market cap of £44.89 million, a PE ratio of 11.96 and a beta of 0.60. Ultimate Products Plc has a 12-month low of GBX 40.30 and a 12-month high of GBX 65. The stock has a 50-day moving average price of GBX 51.67 and a two-hundred day moving average price of GBX 48.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. Canaccord Genuity Group dropped their target price on Ultimate Products from GBX 80 to GBX 75 and set a “buy” rating on the stock in a report on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Ultimate Products has an average rating of “Buy” and an average price target of GBX 75.

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.