THG (LON:THG) Trading Up 10.9% - Time to Buy?

Key Points

• THG Plc's stock price surged 10.9% to GBX 41.48 after trading at GBX 42.04, with a significant increase in trading volume.
• Analysts have mixed ratings for THG, with Jefferies lowering their price target to GBX 55 and JPMorgan cutting it down to GBX 24, resulting in a consensus "Hold" rating with an average price target of GBX 39.50.
• THG reported a negative net margin of 11.77% and a negative return on equity of 24.45%, with expected earnings per share for the current year at -6.72.

THG Plc (LON:THG - Get Free Report)'s stock price rose 10.9% during mid-day trading on Wednesday . The company traded as high as GBX 42.04 ($0.56) and last traded at GBX 41.48 ($0.55). Approximately 16,976,010 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 7,206,630 shares. The stock had previously closed at GBX 37.42 ($0.50).

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group dropped their price target on THG from GBX 58 to GBX 55 and set a "buy" rating on the stock in a research report on Friday, September 12th. JPMorgan Chase & Co. lowered their price objective on THG from GBX 28 to GBX 24 and set an "underweight" rating on the stock in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 39.50.

THG Price Performance

The business has a fifty day moving average of GBX 33.10 and a 200-day moving average of GBX 30.01. 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 firm has a market cap of £559.05 million, a PE ratio of -427.40, a PEG ratio of -0.08 and a beta of 2.40.

THG (LON:THG - Get Free Report) last announced its quarterly 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.

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