THG (LON:THG) Trading 17.9% Higher - What's Next?

Key Points

• THG Plc's stock price increased by 17.9% to close at GBX 36.54 ($0.50) after trading over 15 million shares, significantly higher than the average volume.
• Analysts have mixed ratings on THG, with a consensus rating of "Hold" and an average price target of GBX 44, despite some downgrades from firms like JPMorgan and Jefferies.
• THG reported a negative earnings per share of GBX (0.05) for the last quarter, with forecasts predicting continued negative earnings for the current year.

THG Plc (LON:THG - Get Free Report)'s share price shot 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 traded hands 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).

Analysts Set New Price Targets

Several brokerages recently issued reports on THG. JPMorgan Chase & Co. reduced their target price on shares of THG from GBX 28 to GBX 24 and set an "underweight" rating for the company in a report on Tuesday, August 19th. Jefferies Financial Group dropped their price target 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. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 44.

THG Trading Down 3.4%

The company's 50-day moving average price is GBX 30.92 and its 200-day moving average price is GBX 29.77. The firm has a market cap 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 quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 75.19.

THG (LON:THG - Get Free Report) last posted its quarterly 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%. Equities analysts expect that THG Plc will post -6.7170435 EPS for the current fiscal 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.