THG (LON:THG) Shares Up 15.1% - Here's Why

Key Points

• THG Plc's shares rose by 15.1% during mid-day trading, reaching as high as GBX 36.30, with trading volume increasing by 77% from the average daily volume.
• Analysts from Jefferies Financial Group and JPMorgan Chase & Co. have adjusted their price targets for THG, with a current consensus rating of "Hold" and an average target price of GBX 44.
• The company reported a negative earnings per share of GBX (0.05) for the most recent quarter and has a market capitalization of approximately £477.95 million.

THG Plc (LON:THG - Get Free Report) was up 15.1% during mid-day trading on Wednesday . The company traded as high as GBX 36.30 ($0.50) and last traded at GBX 35.69 ($0.49). Approximately 12,603,770 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 7,130,803 shares. The stock had previously closed at GBX 31 ($0.42).

Analysts Set New Price Targets

Several research firms have recently issued reports on THG. Jefferies Financial Group dropped their price target on shares of THG from GBX 58 to GBX 55 and set a "buy" rating for the company in a research note on Friday, September 12th. JPMorgan Chase & Co. lowered their price objective on THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, THG presently has a consensus rating of "Hold" and an average target price of GBX 44.

THG Stock Up 17.9%

The firm has a market cap of £477.95 million, a P/E ratio of -152.25, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The stock's 50 day simple moving average is GBX 30.69 and its 200 day simple moving average is GBX 29.72. 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 posted its earnings results on Thursday, September 11th. The company reported GBX (0.05) earnings per share for the quarter. THG had a negative return on equity of 24.45% and a negative net margin of 11.77%. Research analysts anticipate that THG Plc will post -6.7170435 EPS for the current 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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