THG (LON:THG) Trading 17.9% Higher - Time to Buy?

Key Points

• THG Plc's stock surged 17.9% in trading, reaching a high of GBX 36.80, with trading volume increasing by 116% compared to its average daily volume.
• Analyst ratings for THG are mixed, with one "buy," one "hold," and one "sell," resulting in an average rating of "hold" and a consensus target price of GBX 44.
• The company's latest quarterly earnings report indicated a negative EPS of GBX (0.05), and analysts project a -6.72 EPS for the current fiscal year.

THG Plc (LON:THG - Get Free Report)'s stock price traded up 17.9% during mid-day trading on Thursday . The stock traded as high as GBX 36.80 ($0.50) and last traded at GBX 36.54 ($0.49). 15,462,978 shares were traded during 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).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price 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 decreased their target price 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 44.

THG Trading Down 3.4%

The business has a fifty day simple moving average of GBX 30.92 and a 200 day simple moving average of GBX 29.80. The stock has a market cap of £468.54 million, a price-to-earnings ratio of -149.25, a PEG 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 issued its earnings results 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%. As a group, equities analysts anticipate that THG Plc will post -6.7170435 EPS 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.