THG (LON:THG) Shares Up 17.9% - Here's Why

Key Points

• THG Plc saw a significant share price increase of 17.9%, reaching a high of GBX 36.80 during mid-day trading on Wednesday.
• Analysts have mixed ratings on THG, with one "Buy," one "Hold," and one "Sell," while the average price target is currently set at GBX 44.
• The company reported a negative EPS of GBX (0.05) for the last quarter and a projected EPS of -6.72 for the current fiscal year.

THG Plc (LON:THG - Get Free Report)'s stock price was up 17.9% on Wednesday . The stock traded as high as GBX 36.80 ($0.50) and last traded at GBX 36.54 ($0.49). Approximately 15,462,978 shares traded hands 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 Analyst Weigh In

THG has been the topic of a number of research reports. Jefferies Financial Group lowered 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. cut their target price on shares of THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 44.

THG Stock Performance

The stock has a 50-day simple moving average of GBX 30.92 and a 200-day simple moving average of GBX 29.80. The company has a market capitalization of £468.54 million, a price-to-earnings ratio of -149.25, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 75.19.

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