Ultimate Products (LON:ULTP) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Ultimate Products (LON:ULTP) in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a GBX 80 target price on the stock.

Separately, Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 80.

Ultimate Products Trading Up 5.0%

Shares of ULTP stock opened at GBX 63 on Tuesday. Ultimate Products has a 1 year low of GBX 43.80 and a 1 year high of GBX 143.50. The firm’s 50 day moving average is GBX 62.48 and its 200-day moving average is GBX 64.07. The firm has a market capitalization of £52.82 million, a price-to-earnings ratio of 7.78 and a beta of 1.39.

Ultimate Products (LON:ULTP) last posted its quarterly earnings data on Tuesday, October 28th. The company reported GBX 6.80 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, equities research analysts forecast that Ultimate Products will post 14.53125 earnings per share for the current fiscal 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.