Ultimate Products (LON:ULTP) Reaches New 12-Month Low – Here’s Why

Shares of Ultimate Products Plc (LON:ULTP) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 40.20 and last traded at GBX 40.70, with a volume of 891554 shares trading hands. The stock had previously closed at GBX 43.60.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Shore Capital Group reaffirmed a “house stock” rating on shares of Ultimate Products in a research note on Tuesday, May 26th. Canaccord Genuity Group reaffirmed 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.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 80.

Ultimate Products Stock Performance

The firm has a market capitalization of £33.96 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The business has a fifty day moving average price of GBX 45.96 and a 200 day moving average price of GBX 51.23.

Ultimate Products (LON:ULTP) last released 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%. On average, analysts expect that Ultimate Products Plc will post 14.53125 earnings per share for the current year.

Insider Activity at Ultimate Products

In other news, insider Chris Dent acquired 23,923 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was acquired at an average cost of GBX 52 per share, for a total transaction of £12,439.96. 43.30% of the stock is currently owned by insiders.

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.