Shore Capital Group Reiterates “House Stock” Rating for Ultimate Products (LON:ULTP)

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reissued by investment analysts at Shore Capital Group in a note issued to investors on Wednesday,London Stock Exchange reports.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 80 price objective on shares of Ultimate Products in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Ultimate Products has a consensus rating of “Buy” and a consensus price target of GBX 80.

Ultimate Products Trading Down 4.0%

LON:ULTP opened at GBX 44.60 on Wednesday. The stock has a 50 day moving average of GBX 45.90 and a 200-day moving average of GBX 49.34. The firm has a market capitalization of £37.21 million, a PE ratio of 9.91 and a beta of 0.57. Ultimate Products has a 52 week low of GBX 40.30 and a 52 week high of GBX 67.80.

Insider Buying and Selling

In related news, insider Simon Showman sold 165,681 shares of Ultimate Products stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 46, for a total transaction of £76,213.26. Also, insider Chris Dent purchased 23,923 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of GBX 52 per share, with a total value of £12,439.96. Corporate insiders own 43.30% of the company’s stock.

About Ultimate Products

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.