Ultimate Products (LON:ULTP) Earns House Stock Rating from Shore Capital

Key Points

• Shore Capital has reaffirmed its "house stock" rating for Ultimate Products (LON:ULTP) in a recent note issued to investors.
• Ultimate Products' stock is currently priced at GBX 63, showing a 12-month low of GBX 43.80 and a high of GBX 149.50.
• Corporate insiders own 56.58% of the company's stock, with insider Chris Dent recently acquiring shares at an average cost of GBX 50.

Ultimate Products (LON:ULTP - Get Free Report)'s stock had its "house stock" rating reissued by research analysts at Shore Capital in a research note issued on Thursday, MarketBeat.com reports.

Ultimate Products Stock Down 3.2%

ULTP stock traded down GBX 1.99 during trading on Thursday, reaching GBX 60.81. 42,253 shares of the company's stock were exchanged, compared to its average volume of 294,829. Ultimate Products has a 1-year low of GBX 43.80 and a 1-year high of GBX 147.44. The company's fifty day moving average price is GBX 59.52 and its 200-day moving average price is GBX 68.16. The firm has a market cap of £50.98 million, a PE ratio of 750.69 and a beta of 1.39.

Insider Activity at Ultimate Products

In other news, insider Chris Dent acquired 1,992 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were bought at an average price of GBX 50 per share, with a total value of £996. Corporate insiders own 43.06% of the company's stock.

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.