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

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 130 ($1.67) price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 80.56% from the company’s previous close.

Ultimate Products Price Performance

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

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

About Ultimate Products

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.