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

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reaffirmed by investment analysts at Shore Capital in a research note issued on Tuesday, Marketbeat.com reports.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 ($1.67) price target on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Stock Up 0.3 %

Shares of ULTP opened at GBX 72 ($0.93) on Tuesday. The business’s fifty day moving average is GBX 87.73 and its 200 day moving average is GBX 113.72. Ultimate Products has a 12-month low of GBX 71 ($0.91) and a 12-month high of GBX 185.50 ($2.39). The stock has a market cap of £61.10 million, a P/E ratio of 5.91 and a beta of 1.39.

Ultimate Products (LON:ULTP) last released 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 net margin of 6.77% and a return on equity of 21.95%. On average, analysts expect that Ultimate Products will post 14.53125 EPS for the current year.

About Ultimate Products

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.