Ultimate Products (LON:ULTP) Stock Jumps 7.8% – Should You Buy?

Ultimate Products Plc (LON:ULTP) shares rose 7.8% on Tuesday. The stock traded as high as GBX 48.82 and last traded at GBX 48.50. 300,385 shares changed hands during trading, an increase of 107% from the average session volume of 145,086 shares. The stock had previously closed at GBX 45.

Analyst Upgrades and Downgrades

ULTP has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 target price on shares of Ultimate Products in a research report on Tuesday. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 75.

Ultimate Products Stock Performance

The stock has a market cap of £40.80 million, a P/E ratio of 10.87 and a beta of 0.60. The company’s 50 day moving average price is GBX 49.43 and its 200-day moving average price is GBX 49.43.

Ultimate Products (LON:ULTP) last released its earnings results on Tuesday, October 27th. The company reported GBX 4.30 earnings per share for the quarter. Ultimate Products had a net margin of 2.69% and a return on equity of 8.41%. The firm had revenue of £144.91 million for the quarter. On average, analysts forecast that Ultimate Products Plc will post 14.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultimate Products

In related news, insider Chris Dent sold 4,875 shares of Ultimate Products stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total transaction of £2,632.50. Insiders own 43.17% of the company’s stock.

About Ultimate Products

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.