THG (LON:THG) Trading Up 17.9% - Still a Buy?

Key Points

• THG Plc shares saw a significant increase of 17.9%, reaching GBX 36.54 ($0.50) amidst a trading volume spike of 116% compared to its average daily volume.
• Analysts' ratings for THG are mixed, with one "Buy", one "Hold", and one "Sell", while the average rating is "Hold" with a consensus price target of GBX 44.
• The company reported negative earnings for the last quarter with an EPS of GBX (0.05) and anticipates a projected EPS of -6.72 for the current fiscal year.

THG Plc (LON:THG - Get Free Report)'s stock price shot up 17.9% on Wednesday . 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).

Analysts Set New Price Targets

A number of equities research analysts recently commented on THG shares. Jefferies Financial Group decreased their target price on shares of THG from GBX 58 to GBX 55 and set a "buy" rating for the company in a research report on Friday, September 12th. JPMorgan Chase & Co. decreased their price target 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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 stock has a 50-day moving average price of GBX 30.92 and a 200 day moving average price of GBX 29.80. The stock has a market capitalization of £468.54 million, a price-to-earnings ratio of -149.25, a PEG ratio of -0.08 and a beta of 2.40.

THG (LON:THG - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. THG had a negative return on equity of 24.45% and a negative net margin of 11.77%. As a group, equities research analysts expect that THG Plc will post -6.7170435 earnings per share for the current 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.