Ultimate Products (LON:ULTP) Earns House Stock Rating from Shore Capital

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reiterated by Shore Capital in a research report issued to clients and investors on Tuesday, MarketBeat reports.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.67) price objective on shares of Ultimate Products in a research report on Tuesday.

Ultimate Products Trading Up 0.3 %

ULTP stock opened at GBX 72 ($0.93) on Tuesday. The stock has a market cap of £61.10 million, a P/E ratio of 5.91 and a beta of 1.39. The stock’s fifty day simple moving average is GBX 87.73 and its two-hundred day simple moving average is GBX 113.72. Ultimate Products has a 1-year low of GBX 71 ($0.91) and a 1-year high of GBX 185.50 ($2.39).

Ultimate Products (LON:ULTP) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. As a group, analysts forecast that Ultimate Products will post 14.53125 earnings per share for the current fiscal year.

Ultimate Products Company Profile

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.