Canaccord Genuity Group Reaffirms Buy Rating for Ultimate Products (LON:ULTP)

Ultimate Products (LON:ULTP)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a GBX 130 ($1.67) target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 80.56% from the stock’s current price.

Ultimate Products Stock Performance

LON ULTP opened at GBX 72 ($0.93) on Tuesday. Ultimate Products has a 52-week low of GBX 71 ($0.91) and a 52-week high of GBX 185.50 ($2.39). The stock has a market cap of £61.10 million, a PE ratio of 5.91 and a beta of 1.39. The firm has a 50-day moving average of GBX 87.73 and a 200-day moving average of GBX 113.72.

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