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

Key Points

• THG Plc shares surged by 17.9% on Wednesday, trading as high as GBX 36.80, with a significant increase in volume, reaching approximately 15.46 million shares traded.
• A recent report indicates that JPMorgan Chase & Co. lowered their target price for THG from GBX 28 to GBX 24, while Jefferies Financial Group has maintained a "buy" rating with a target of GBX 55.
• The company reported a negative return on equity of 24.45% and earnings of GBX (0.05) per share for the latest quarter, with analysts expecting a projected loss in earnings per share of about -6.72 for the fiscal year.

THG Plc (LON:THG - Get Free Report) shares traded up 17.9% on Wednesday . The company traded as high as GBX 36.80 ($0.50) and last traded at GBX 36.54 ($0.50). 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).

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut 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 cut 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 given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, THG has an average rating of "Hold" and a consensus price target of GBX 44.

THG Price Performance

The business has a 50-day moving average price of GBX 30.76 and a 200 day moving average price of GBX 29.76. The company has a market cap of £477.95 million, a price-to-earnings ratio of -152.25, a P/E/G 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 released 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, research analysts expect that THG Plc will post -6.7170435 earnings per share for the current fiscal 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.

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