Ultimate Products (LON:ULTP) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ultimate Products (LON:ULTP) in a research report report published on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 182 ($2.39) target price on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Ultimate Products in a report on Wednesday, August 14th.

Ultimate Products Trading Down 1.0 %

Ultimate Products stock opened at GBX 143 ($1.88) on Tuesday. The stock has a market capitalization of £122.95 million, a P/E ratio of 1,021.43 and a beta of 1.39. The company’s 50-day simple moving average is GBX 140.93 and its two-hundred day simple moving average is GBX 147.58.

Insider Activity

In other news, insider Chris Dent purchased 1,780 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of GBX 140 ($1.84) per share, with a total value of £2,492 ($3,276.79). In other news, insider Simon Showman sold 45,720 shares of Ultimate Products stock in a transaction on Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.80), for a total transaction of £62,636.40 ($82,362.13). Also, insider Chris Dent bought 1,780 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of GBX 140 ($1.84) per share, with a total value of £2,492 ($3,276.79). Corporate insiders own 57.07% of the company’s stock.

Ultimate Products Company Profile

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.