THG (LON:THG) Trading Down 0.5% - Here's What Happened

Key Points

• THG Plc shares declined by 0.5%, closing at GBX 26.94 ($0.36) with a trading volume 12% lower than the average session volume.
• Analyst ratings for THG show a consensus of Hold, with a reported average target price of GBX 47.33, despite one brokerage downgrading its price target from GBX 28 to GBX 24.
• THG has a market capitalization of £352.36 million, with a PE ratio of -112.24 and a debt-to-equity ratio of 75.19, indicating financial strain despite its position in the e-commerce and digital brand market.

THG Plc (LON:THG - Get Free Report) shares fell 0.5% on Tuesday . The company traded as low as GBX 26.20 ($0.35) and last traded at GBX 26.94 ($0.36). 6,239,362 shares were traded during mid-day trading, a decline of 12% from the average session volume of 7,065,436 shares. The stock had previously closed at GBX 27.08 ($0.37).

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on THG. JPMorgan Chase & Co. reduced their price target on shares of 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 reissued a "buy" rating and issued a GBX 65 price target on shares of THG in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, THG currently has a consensus rating of "Hold" and an average target price of GBX 47.33.

THG Stock Down 0.5%

The business's fifty day moving average price is GBX 30.87 and its 200 day moving average price is GBX 29.89. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 75.19. The firm has a market capitalization of £352.36 million, a PE ratio of -112.24, a PEG ratio of -0.08 and a beta of 2.40.

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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