THG (LON:THG) Stock Price Up 10.1% - What's Next?

Key Points

• THG Plc's stock price increased by 10.1% on Wednesday, reaching a trading high of GBX 34.30, although the trading volume was down by 45% compared to its average.
• Analysts have mixed views on THG, with one rating it as a Buy, one as a Hold, and one as a Sell, while the consensus target price stands at GBX 44.
• The company reported negative earnings per share of GBX (0.05) for the recent quarter and forecasts a negative EPS of -6.72 for the current fiscal year.

THG Plc (LON:THG - Get Free Report)'s share price rose 10.1% during trading on Wednesday . The stock traded as high as GBX 34.30 ($0.46) and last traded at GBX 34.12 ($0.46). Approximately 3,912,344 shares changed hands during trading, a decline of 45% from the average daily volume of 7,082,518 shares. The stock had previously closed at GBX 31 ($0.42).

Analyst Ratings Changes

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

THG Stock Down 3.4%

The business has a 50-day simple moving average of GBX 30.83 and a two-hundred day simple moving average of GBX 29.79. The stock has a market capitalization of £468.54 million, a P/E ratio of -149.25, a PEG ratio of -0.08 and a beta of 2.40. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 75.19.

THG (LON:THG - Get Free Report) last issued its quarterly earnings results 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 forecast 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.