Ultimate Products’ (ULTP) Buy Rating Reaffirmed at Canaccord Genuity Group

Posted by ABMN Staff on Mar 26th, 2025

Canaccord Genuity Group reaffirmed their buy rating on shares of Ultimate Products (LON:ULTP – Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 130 ($1.68) price objective on the stock.

Ultimate Products Price Performance

LON ULTP opened at GBX 71.80 ($0.93) on Tuesday. The business has a fifty day moving average price of GBX 88.38 and a two-hundred day moving average price of GBX 114.02. The stock has a market capitalization of £60.93 million, a PE ratio of 5.89 and a beta of 1.39. Ultimate Products has a fifty-two week low of GBX 71 ($0.92) and a fifty-two week high of GBX 185.50 ($2.40).

Ultimate Products (LON:ULTP – Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. As a group, sell-side analysts expect that Ultimate Products will post 14.53125 earnings per share for the current year.

Ultimate Products Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were paid a GBX 4.93 ($0.06) dividend. This is an increase from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. The ex-dividend date was Thursday, January 2nd. Ultimate Products’s dividend payout ratio (DPR) is presently 57.44%.

About Ultimate Products

(Get Free Report)

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.