Ultimate Products (LON:ULTP) Given House Stock Rating at Shore Capital

Ultimate Products (LON:ULTP)‘s stock had its “house stock” rating reiterated by Shore Capital in a report issued on Tuesday,London Stock Exchange reports.

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

Ultimate Products Price Performance

ULTP opened at GBX 72.48 ($0.94) on Tuesday. Ultimate Products has a 1-year low of GBX 71 ($0.92) and a 1-year high of GBX 185.50 ($2.40). The stock has a market cap of £61.50 million, a P/E ratio of 5.95 and a beta of 1.39. The stock’s 50 day simple moving average is GBX 89.05 and its 200 day simple moving average is GBX 114.53.

Ultimate Products (LON:ULTP) last announced its quarterly earnings results 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%. Research analysts expect that Ultimate Products will post 14.53125 EPS for the current fiscal year.

Ultimate Products Company Profile

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.