THG (LON:THG) Shares Down 2.3% – Here’s What Happened

THG Plc (LON:THG) dropped 2.3% on Wednesday . The stock traded as low as GBX 29.86 and last traded at GBX 30.54. Approximately 25,259,541 shares traded hands during trading, an increase of 102% from the average daily volume of 12,501,264 shares. The stock had previously closed at GBX 31.26.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 price objective on shares of THG in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, THG has a consensus rating of “Moderate Buy” and a consensus price target of GBX 57.50.

THG Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 131.97. The firm has a market capitalization of £484.63 million, a price-to-earnings ratio of 7.63, a PEG ratio of -0.08 and a beta of 2.46. The stock’s 50 day moving average price is GBX 31.57 and its two-hundred day moving average price is GBX 34.61.

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. 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.