Ultimate Products’ (ULTP) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Ultimate Products (LON:ULTP) in a research note released on Tuesday, Marketbeat reports. The firm currently has a GBX 182 ($2.39) price objective on the stock.

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

Ultimate Products Stock Performance

ULTP opened at GBX 145 ($1.91) on Tuesday. Ultimate Products has a 1-year low of GBX 118 ($1.55) and a 1-year high of GBX 185.50 ($2.44). The stock has a market capitalization of £124.71 million, a PE ratio of 1,035.71 and a beta of 1.41. The firm has a 50-day moving average price of GBX 141.10 and a two-hundred day moving average price of GBX 147.60.

Insider Buying and Selling at Ultimate Products

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

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.