THG (LON:THG) Stock Price Up 17.9% - Time to Buy?

Key Points

• THG Plc's share price rose 17.9% during trading on Thursday, reaching a high of GBX 36.80 ($0.50), with a trading volume 116% higher than average.
• Equities analysts have mixed views on THG, with price targets ranging from GBX 24 (underweight rating) to GBX 55 (buy rating), resulting in a consensus rating of "Hold" and a target price of GBX 44.
• The company reported a negative EPS of GBX (0.05) and has a market capitalization of £476.12 million, indicating ongoing challenges despite its transformation into a major e-commerce player.

Shares of THG Plc (LON:THG - Get Free Report) traded up 17.9% during trading on Thursday . The company 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 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 analysts have commented on the stock. Jefferies Financial Group cut their price objective on shares of THG from GBX 58 to GBX 55 and set a "buy" rating for the company in a report on Friday, September 12th. JPMorgan Chase & Co. cut their price objective 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. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 44.

THG Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 75.19. The company's fifty day moving average is GBX 30.92 and its two-hundred day moving average is GBX 29.77. The stock has a market cap of £468.54 million, a price-to-earnings ratio of -149.25, a P/E/G ratio of -0.08 and a beta of 2.40.

THG (LON:THG - Get Free Report) last posted its earnings results on Thursday, September 11th. The company reported GBX (0.05) earnings per share for the quarter. THG had a negative net margin of 11.77% and a negative return on equity of 24.45%. As a group, research analysts predict 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.