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Shore Capital Reaffirms "House Stock" Rating for Ultimate Products (LON:ULTP)

Ultimate Products logo with Consumer Cyclical background

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.
  • Want stock alerts on Ultimate Products? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ultimate Products (LON:ULTP - Get Free Report)'s stock had its "house stock" rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Thursday,London Stock Exchange reports.

Ultimate Products Price Performance

Ultimate Products stock opened at GBX 63 on Thursday. Ultimate Products has a 12-month low of GBX 43.80 and a 12-month high of GBX 149.50. The stock has a market capitalization of £53.46 million, a P/E ratio of 5.17 and a beta of 1.39. The firm's 50-day moving average is GBX 60.28 and its two-hundred day moving average is GBX 68.97.

Insider Activity

In related news, insider Chris Dent acquired 1,992 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average cost of GBX 50 per share, for a total transaction of £996. 56.58% of the stock is owned by corporate insiders.

About Ultimate Products

(Get Free Report)

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.

See Also

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