Jefferies Financial Group Cuts THG (LON:THG) Price Target to GBX 55

Key Points

• Jefferies Financial Group has reduced the price target for THG from GBX 58 to GBX 55, while maintaining a "buy" rating, indicating a potential upside of 76.37% from the current price.
• JPMorgan Chase also lowered their price target from GBX 28 to GBX 24 and set an "underweight" rating on THG, suggesting a lack of confidence in the stock's performance.
• The stock currently has an average rating of "Hold" with a consensus price target of GBX 44, highlighting mixed sentiment among analysts.

THG (LON:THG - Get Free Report) had its price objective reduced by equities research analysts at Jefferies Financial Group from GBX 58 to GBX 55 in a research note issued on Friday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 76.37% from the company's current price.

Separately, JPMorgan Chase & Co. cut their price objective on shares of THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 44.

THG Price Performance

Shares of THG stock opened at GBX 31.18 on Friday. THG has a 52-week low of GBX 22.90 and a 52-week high of GBX 68.20. The stock has a market capitalization of £407.90 million, a price-to-earnings ratio of -129.93, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The company has a fifty day moving average of GBX 30.76 and a 200-day moving average of GBX 29.85. The company has a debt-to-equity ratio of 75.19, a quick ratio of 0.89 and a current ratio of 1.25.

THG (LON:THG - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. THG had a negative net margin of 11.77% and a negative return on equity of 24.45%. Equities research analysts expect that THG will post -6.7170435 EPS for the current year.

THG Company Profile

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age. We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel. THG is home to three key divisions: Beauty, Nutrition, and Ingenuity.

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