THG (LON:THG) Trading Up 2.7% – Still a Buy?

Shares of THG Plc (LON:THG) traded up 2.7% on Tuesday . The stock traded as high as GBX 46.58 and last traded at GBX 46.34. 3,144,769 shares were traded during trading, a decline of 55% from the average session volume of 6,941,696 shares. The stock had previously closed at GBX 45.12.

Wall Street Analyst Weigh In

Several brokerages have issued reports on THG. Jefferies Financial Group cut their price objective on THG from GBX 58 to GBX 55 and set a “buy” rating on the stock in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their target price on shares of THG from GBX 43 to GBX 55 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 55.

THG Stock Up 2.7%

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’s 50-day moving average price is GBX 44.93 and its 200 day moving average price is GBX 37.06. The firm has a market cap of £606.14 million, a P/E ratio of -4.63, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

Insider Transactions at THG

In other THG news, insider Matthew Moulding acquired 209,086,400 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average cost of GBX 32 per share, with a total value of £66,907,648. 9.54% of the stock is owned by company insiders.

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. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities.

THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation.