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

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

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.39) target price on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Price Performance

Shares of Ultimate Products stock opened at GBX 144.50 ($1.90) 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 firm’s 50-day moving average is GBX 140.99 and its 200 day moving average is GBX 147.60. The stock has a market cap of £124.28 million, a price-to-earnings ratio of 1,032.14 and a beta of 1.41.

Insider Transactions at Ultimate Products

In related news, insider Chris Dent bought 1,780 shares of the stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of GBX 140 ($1.84) per share, for a total transaction of £2,492 ($3,276.79). In other news, insider Simon Showman sold 45,720 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was 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 Ultimate Products stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of GBX 140 ($1.84) per share, with a total value of £2,492 ($3,276.79). Company 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.