Ultimate Products (LON:ULTP) Earns “House Stock” Rating from Shore Capital Group

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating restated by equities researchers at Shore Capital Group in a note issued to investors on Tuesday,Digital Look reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 80 price target on shares of Ultimate Products in a report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 80.

Ultimate Products Stock Performance

LON ULTP opened at GBX 49.50 on Tuesday. The company has a market capitalization of £41.30 million, a PE ratio of 11.00 and a beta of 0.56. The business’s fifty day moving average is GBX 45.68 and its 200 day moving average is GBX 52.65. Ultimate Products has a fifty-two week low of GBX 41.80 and a fifty-two week high of GBX 79.

Ultimate Products (LON:ULTP) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 2.70 EPS for the quarter. Ultimate Products had a return on equity of 8.41% and a net margin of 2.69%. On average, sell-side analysts forecast that Ultimate Products will post 14.53125 EPS for the current year.

Ultimate Products Company Profile

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.