THG (LON:THG) Shares Up 6.4% - Still a 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.

THG Plc (LON:THG - Get Free Report) shares 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 ($0.42). 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).

Wall Street Analyst Weigh In

A number of research firms recently issued reports on THG. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group reduced their price objective 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 analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of GBX 44.

THG Trading Up 16.8%

The company has a fifty day simple moving average of GBX 30.69 and a two-hundred day simple moving average of GBX 29.72. 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 market capitalization of £473.77 million, a P/E ratio of -150.92, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

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 net margin of 11.77% and a negative return on equity of 24.45%. On average, 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.