Ultimate Products (LON:ULTP) Stock Price Up 0.4% – Here’s What Happened

Shares of Ultimate Products Plc (LON:ULTP) traded up 0.4% during trading on Thursday . The stock traded as high as GBX 56.60 and last traded at GBX 55.40. 182,323 shares traded hands during trading, a decline of 23% from the average session volume of 236,437 shares. The stock had previously closed at GBX 55.20.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ULTP. Canaccord Genuity Group reissued a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a research report on Tuesday, October 28th. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Ultimate Products currently has an average rating of “Buy” and an average target price of GBX 80.

Ultimate Products Trading Up 0.4%

The stock has a 50 day simple moving average of GBX 61.26 and a 200-day simple moving average of GBX 62.48. The firm has a market cap of £46.38 million, a PE ratio of 8.27 and a beta of 1.39.

Ultimate Products (LON:ULTP) last released its quarterly earnings data on Tuesday, October 28th. The company reported GBX 6.80 earnings per share for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. On average, equities research analysts expect that Ultimate Products Plc will post 14.53125 EPS for the current year.

Ultimate Products Company Profile

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.