Ultimate Products (LON:ULTP) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a report issued on Tuesday, Digital Look reports. They currently have a GBX 75 price target on the stock. Canaccord Genuity Group‘s price target indicates a potential upside of 58.12% from the company’s current price.

Separately, Shore Capital Group reissued a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 75.

Ultimate Products Trading Up 5.4%

Shares of LON ULTP opened at GBX 47.43 on Tuesday. Ultimate Products has a twelve month low of GBX 40.30 and a twelve month high of GBX 65. The company has a market capitalization of £39.57 million, a price-to-earnings ratio of 10.54 and a beta of 0.60. The business has a 50 day simple moving average of GBX 49.43 and a 200-day simple moving average of GBX 49.43.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, October 27th. The company reported GBX 4.30 earnings per share (EPS) for the quarter. The firm had revenue of £144.91 million for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%. As a group, equities analysts predict that Ultimate Products will post 14.53 earnings per share for the current year.

Insiders Place Their Bets

In other Ultimate Products news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total transaction of £2,632.50. 43.17% of the stock is currently owned by corporate insiders.

Ultimate Products Company Profile

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.