Ultimate Products Plc (LON:ULTP – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 115 ($1.48) and last traded at GBX 119.50 ($1.54), with a volume of 206724 shares changing hands. The stock had previously closed at GBX 125 ($1.61).
Wall Street Analysts Forecast Growth
Several brokerages have commented on ULTP. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.34) price objective on shares of Ultimate Products in a report on Tuesday, September 3rd.
Get Our Latest Report on Ultimate Products
Ultimate Products Stock Down 4.4 %
Ultimate Products Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of GBX 4.93 ($0.06) per share. This is a positive change from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. The ex-dividend date is Thursday, January 2nd. Ultimate Products’s payout ratio is 5,000.00%.
Insider Transactions at Ultimate Products
In related news, insider Chris Dent purchased 1,780 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of GBX 140 ($1.80) per share, with a total value of £2,492 ($3,206.79). Company insiders own 56.58% of the company’s stock.
About Ultimate Products
Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.
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