THG (LON:THG) Stock Price Up 17.9% - Should You Buy?

Key Points

• THG Plc's share price increased by 17.9% to GBX 36.54 ($0.50) during mid-day trading, significantly higher than its previous close of GBX 31 ($0.42).
• Brokerages have issued mixed ratings, with Jefferies setting a buy rating and a target price reduction from GBX 58 to GBX 55, while JPMorgan rates it as underweight with a target of GBX 24.
• THG reported a negative earnings per share of GBX (0.05) for the last quarter, with a consensus expectation of -6.71 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on THG. Jefferies Financial Group reduced their target price on THG from GBX 58 to GBX 55 and set a "buy" rating on the stock in a 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 research report on Tuesday, August 19th. One 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.com, the stock has a consensus rating of "Hold" and a consensus target price of GBX 44.

THG Trading Up 17.9%

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 firm has a fifty day simple moving average of GBX 30.76 and a 200-day simple moving average of GBX 29.76. 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.

THG (LON:THG - Get Free Report) last posted its quarterly earnings data 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%. On average, equities research analysts expect 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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