THG (LON:THG) Shares Up 10.9% - What's Next?

Key Points

• Shares of THG Plc rose by 10.9% during mid-day trading, reaching a high of GBX 42.04 ($0.56) from a previous close of GBX 37.42 ($0.50).
• Despite the price surge, analysts from JPMorgan Chase set a lower target price of GBX 24, while Jefferies has a buy rating with a revised target of GBX 55.
• THG is experiencing financial challenges, reporting a negative return on equity of 24.45% and a projected earnings per share of -6.72 for the current fiscal year.

Shares of THG Plc (LON:THG - Get Free Report) shot up 10.9% during mid-day trading on Tuesday . The stock traded as high as GBX 42.04 ($0.56) and last traded at GBX 41.48 ($0.55). 16,976,010 shares were traded during trading, an increase of 136% from the average session volume of 7,206,630 shares. The stock had previously closed at GBX 37.42 ($0.50).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on THG shares. JPMorgan Chase & Co. lowered their target price on THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a research note on Tuesday, August 19th. Jefferies Financial Group lowered their price target on THG from GBX 58 to GBX 55 and set a "buy" rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 39.50.

THG Stock Up 10.9%

The company has a market capitalization of £542.58 million, a PE ratio of -414.81, a P/E/G ratio of -0.08 and a beta of 2.40. The company has a debt-to-equity ratio of 75.19, a current ratio of 1.25 and a quick ratio of 0.89. The company has a 50-day moving average of GBX 33.10 and a two-hundred day moving average of GBX 30.01.

THG (LON:THG - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. THG had a negative return on equity of 24.45% and a negative net margin of 11.77%. Sell-side analysts anticipate that THG Plc will post -6.7170435 earnings per share for the current fiscal year.

About THG

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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