Shore Capital Reiterates House Stock Rating for Ultimate Products (LON:ULTP)

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

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 ($1.68) price target on shares of Ultimate Products in a research report on Tuesday.

Ultimate Products Trading Up 1.5 %

Shares of ULTP opened at GBX 72.48 ($0.94) on Tuesday. The stock’s fifty day simple moving average is GBX 89.05 and its 200 day simple moving average is GBX 114.53. Ultimate Products has a twelve month low of GBX 71 ($0.92) and a twelve month high of GBX 185.50 ($2.40). The firm has a market capitalization of £61.50 million, a P/E ratio of 5.95 and a beta of 1.39.

Ultimate Products (LON:ULTP) last issued its earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. Sell-side analysts predict that Ultimate Products will post 14.53125 earnings per share 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.