THG (LON:THG) Stock Price Up 17.9% - Here's What Happened

Key Points

• THG Plc's stock price surged 17.9% on Wednesday, closing at GBX 36.54 after reaching a high of GBX 36.80.
• Equities analysts have mixed ratings on THG, with a consensus of "Hold" and an average price target of GBX 44.
• The company reported a negative net margin of 11.77% and expects to post earnings per share of -6.72 for the current year.

THG Plc (LON:THG - Get Free Report)'s stock price rose 17.9% during trading on Wednesday . The company traded as high as GBX 36.80 ($0.50) and last traded at GBX 36.54 ($0.50). Approximately 15,462,978 shares were traded during mid-day trading, an increase of 116% from the average daily volume of 7,146,688 shares. The stock had previously closed at GBX 31 ($0.42).

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of 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 shares of THG from GBX 28 to GBX 24 and set an "underweight" rating on the stock in a report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, THG has a consensus rating of "Hold" and an average price target of GBX 44.

THG Trading Up 17.9%

The company's 50-day moving average is GBX 30.69 and its 200-day moving average is GBX 29.72. The firm has a market cap of £477.95 million, a price-to-earnings ratio of -152.25, 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 quick ratio of 0.89 and a current ratio of 1.25.

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 net margin of 11.77% and a negative return on equity of 24.45%. On average, research analysts predict that THG Plc will post -6.7170435 earnings per share 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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