Canaccord Genuity Group Reiterates Buy Rating for Ultimate Products (LON:ULTP)

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 182 ($2.32) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 32.36% from the stock’s current price.

Separately, Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research report on Wednesday.

Ultimate Products Trading Down 0.2 %

Shares of LON:ULTP opened at GBX 137.50 ($1.76) on Wednesday. The stock has a 50 day moving average of GBX 139.97 and a 200 day moving average of GBX 148.06. The company has a market cap of £118.40 million, a PE ratio of 982.14 and a beta of 1.41. Ultimate Products has a 12-month low of GBX 118 ($1.51) and a 12-month high of GBX 185.50 ($2.37).

Insider Activity at Ultimate Products

In related news, insider Simon Showman sold 45,720 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of GBX 137 ($1.75), for a total value of £62,636.40 ($79,974.97). 56.93% of the stock is owned by insiders.

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.