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

Canaccord Genuity Group reaffirmed their buy rating on shares of Ultimate Products (LON:ULTP) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 80 price target on the stock.

Ultimate Products Stock Down 1.5%

Shares of LON ULTP opened at GBX 45.30 on Tuesday. Ultimate Products has a twelve month low of GBX 41.80 and a twelve month high of GBX 79. The stock has a market cap of £37.79 million, a price-to-earnings ratio of 6.76 and a beta of 0.56. The company’s fifty day moving average is GBX 51.83 and its 200-day moving average is GBX 57.41.

Ultimate Products (LON:ULTP) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 2.70 EPS for the quarter. Ultimate Products had a net margin of 3.87% and a return on equity of 12.14%. On average, research analysts anticipate that Ultimate Products will post 14.53125 EPS for the current fiscal year.

Insider Buying and Selling

In other Ultimate Products news, insider Chris Dent sold 9,749 shares of Ultimate Products stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of GBX 53, for a total value of £5,166.97. Company insiders own 43.27% of the company’s stock.

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.