THG (LON:THG) Trading Down 0.3% - Here's What Happened

Key Points

• THG Plc's stock experienced a slight decline of 0.3%, trading at GBX 37.18 ($0.49) with a significant drop in volume by 55% compared to its average session.
• Research firms have mixed forecasts for THG, with JPMorgan reducing its price target to GBX 24 while Jefferies raised it to GBX 55, showing divergent views on the stock's future.
• The company reported a quarterly earnings per share of GBX (0.05), indicating ongoing financial challenges with a negative net margin of 11.77%.

THG Plc (LON:THG - Get Free Report) fell 0.3% during trading on Thursday . The stock traded as low as GBX 36.42 ($0.48) and last traded at GBX 37.18 ($0.49). 3,125,763 shares were traded during trading, a decline of 55% from the average session volume of 7,007,696 shares. The stock had previously closed at GBX 37.28 ($0.50).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on THG. JPMorgan Chase & Co. decreased their price objective on 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 cut their target price on THG from GBX 58 to GBX 55 and set a "buy" rating on the stock in a research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 39.50.

THG Stock Performance

The company has a debt-to-equity ratio of 75.19, a quick ratio of 0.89 and a current ratio of 1.25. The company has a market capitalization of £491.30 million, a P/E ratio of -375.60, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The business has a 50 day moving average of GBX 32.60 and a 200-day moving average of GBX 29.96.

THG (LON:THG - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. THG had a negative net margin of 11.77% and a negative return on equity of 24.45%. On average, sell-side analysts predict 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.

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