THG (LON:THG) Trading 12.3% Higher - What's Next?

Key Points

• Shares jumped 12.3%, trading up to GBX 34.66 intraday (last at GBX 34.58) after closing at GBX 30.80, on a mid-day volume of 4,257,695 shares which was 42% below the average session volume.
• Analysts hold a consensus "Moderate Buy" rating with a consensus target of GBX 57.50; Jefferies reiterated a GBX 60 buy target while JPMorgan remains neutral.
• Insider Matthew Moulding bought 24,395,170 shares at GBX 35 on Feb 20 (total value £8,538,309.50), and company insiders now own 22.90% of THG.

THG Plc (LON:THG - Get Free Report) shares traded up 12.3% on Tuesday . The company traded as high as GBX 34.66 and last traded at GBX 34.58. 4,257,695 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 7,373,125 shares. The stock had previously closed at GBX 30.80.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group restated a "buy" rating and issued a GBX 60 target price on shares of THG in a research report on Friday, March 27th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of THG in a report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 57.50.

THG Price Performance

The company has a market cap of £544.89 million, a P/E ratio of 8.75, a PEG ratio of -0.08 and a beta of 2.60. The company has a fifty day simple moving average of GBX 32.60 and a 200-day simple moving average of GBX 39.64. The company has a debt-to-equity ratio of 131.97, a current ratio of 0.92 and a quick ratio of 0.89.

THG (LON:THG - Get Free Report) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. THG had a net margin of 3.15% and a return on equity of 12.75%. On average, sell-side analysts predict that THG Plc will post -6.7170435 earnings per share for the current year.

Insider Transactions at THG

In other news, insider Matthew Moulding bought 24,395,170 shares of the business's stock in a transaction on Friday, February 20th. The shares were bought at an average cost of GBX 35 per share, with a total value of £8,538,309.50. 22.90% of the stock is currently owned by company insiders.

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. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities. THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation.

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