Insider Buying: Ultimate Products Plc (LON:ULTP) Insider Acquires £2,492 in Stock

Ultimate Products Plc (LON:ULTP) insider Chris Dent purchased 1,780 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of GBX 140 ($1.79) per share, with a total value of £2,492 ($3,181.82).

Ultimate Products Stock Up 0.9 %

Shares of LON ULTP opened at GBX 138.67 ($1.77) on Monday. The company has a market capitalization of £119.41 million, a PE ratio of 996.43 and a beta of 1.41. The stock’s 50 day moving average price is GBX 139.72 and its 200-day moving average price is GBX 147.94. Ultimate Products Plc has a twelve month low of GBX 118 ($1.51) and a twelve month high of GBX 185.50 ($2.37).

Wall Street Analyst Weigh In

A number of research firms have issued reports on ULTP. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.32) price objective on shares of Ultimate Products in a report on Wednesday, August 14th. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 14th.

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.