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

Shore Capital reissued their house stock rating on shares of Ultimate Products (LON:ULTP) in a research note published on Tuesday morning, MarketBeat reports.

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

Ultimate Products Trading Up 0.6 %

LON ULTP opened at GBX 71.80 ($0.93) on Tuesday. The company has a market cap of £60.93 million, a P/E ratio of 5.89 and a beta of 1.39. The company has a fifty day simple moving average of GBX 88.38 and a 200 day simple moving average of GBX 114.02. Ultimate Products has a 12-month low of GBX 71 ($0.92) and a 12-month high of GBX 185.50 ($2.40).

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%. Sell-side analysts predict that Ultimate Products will post 14.53125 EPS for the current year.

Ultimate Products Increases Dividend

The company also recently announced 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 a positive change from Ultimate Products’s previous dividend of $2.45. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 3.47%. Ultimate Products’s dividend payout ratio is presently 57.44%.

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.