Shore Capital reiterated their house stock rating on shares of Ultimate Products (LON:ULTP - Free Report) in a report published on Friday, MarketBeat reports.
Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 130 ($1.74) target price on shares of Ultimate Products in a research report on Tuesday, March 25th.
View Our Latest Report on ULTP
Ultimate Products Stock Performance
Shares of LON ULTP traded up GBX 1 ($0.01) during midday trading on Friday, reaching GBX 63.80 ($0.86). The company's stock had a trading volume of 148,785 shares, compared to its average volume of 181,808. The company has a market cap of £54.14 million, a P/E ratio of 5.24 and a beta of 1.39. The business's 50 day moving average price is GBX 72.13 and its two-hundred day moving average price is GBX 100.39. Ultimate Products has a fifty-two week low of GBX 60.42 ($0.81) and a fifty-two week high of GBX 184 ($2.47).
Ultimate Products (LON:ULTP - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) EPS for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. Sell-side analysts forecast that Ultimate Products will post 14.53125 earnings per share for the current fiscal year.
Ultimate Products Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be given a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 29th. Ultimate Products's dividend payout ratio is presently 57.44%.
About Ultimate Products
(
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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.
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