Ultimate Products (LON:ULTP) Earns “Buy” Rating from Canaccord Genuity Group

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 130 ($1.68) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 79.37% from the company’s previous close.

Ultimate Products Trading Up 1.5 %

LON:ULTP opened at GBX 72.48 ($0.94) on Tuesday. The stock has a 50 day moving average of GBX 89.05 and a 200-day moving average of GBX 114.53. The firm has a market capitalization of £61.50 million, a PE ratio of 5.95 and a beta of 1.39. Ultimate Products has a 52 week low of GBX 71 ($0.92) and a 52 week high of GBX 185.50 ($2.40).

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