Canaccord Genuity Group Reiterates Buy Rating for Ultimate Products (LON:ULTP)

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 182 ($2.39) price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 25.95% from the stock’s current price.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 14th.

Ultimate Products Price Performance

Shares of LON ULTP opened at GBX 144.50 ($1.90) on Tuesday. The stock has a market capitalization of £124.28 million, a price-to-earnings ratio of 1,032.14 and a beta of 1.41. The firm’s 50 day simple moving average is GBX 140.99 and its 200-day simple moving average is GBX 147.60. Ultimate Products has a 12 month low of GBX 118 ($1.55) and a 12 month high of GBX 185.50 ($2.44).

Insider Buying and Selling at Ultimate Products

In related news, insider Chris Dent purchased 1,780 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of GBX 140 ($1.84) per share, with a total value of £2,492 ($3,276.79). In other Ultimate Products news, insider Simon Showman sold 45,720 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.80), for a total transaction of £62,636.40 ($82,362.13). Also, insider Chris Dent bought 1,780 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of GBX 140 ($1.84) per share, for a total transaction of £2,492 ($3,276.79). 57.01% of the stock is owned by corporate insiders.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.