THG (LON:THG) Shares Up 6.4% - Time to Buy?

Key Points

• THG Plc shares climbed 6.4% in mid-day trading, with a trading volume increase of 191% compared to its average session volume.
• Analysts are divided on THG, with a consensus rating of "Hold" and target prices ranging from GBX 24 to GBX 65.
• The company reported a negative net margin of 11.77% and is forecasted to have earnings per share of -6.72 for the current fiscal year.

Shares of THG Plc (LON:THG - Get Free Report) shot up 6.4% during mid-day trading on Friday . The company traded as high as GBX 33.92 ($0.46) and last traded at GBX 30.50 ($0.41). 20,740,324 shares traded hands during trading, an increase of 191% from the average session volume of 7,117,015 shares. The stock had previously closed at GBX 28.66 ($0.39).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THG. JPMorgan Chase & Co. decreased their price objective on THG from GBX 28 to GBX 24 and set an "underweight" rating on the stock in a research report on Tuesday, August 19th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 65 target price on shares of THG in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, THG presently has an average rating of "Hold" and a consensus target price of GBX 47.33.

THG Stock Performance

The firm has a fifty day moving average price of GBX 30.76 and a 200 day moving average price 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. The stock has a market cap of £401.56 million, a PE ratio of -127.92, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

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