THG (LON:THG) Shares Up 3.2% – Here’s What Happened

Shares of THG Plc (LON:THG) traded up 3.2% on Wednesday . The stock traded as high as GBX 32.90 and last traded at GBX 31.90. 69,304,359 shares were traded during trading, an increase of 487% from the average daily volume of 11,815,049 shares. The stock had previously closed at GBX 30.90.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 57.50.

THG Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 131.97. The company has a market capitalization of £531.91 million, a PE ratio of 8.38, a PEG ratio of -0.08 and a beta of 2.46. The company has a 50-day moving average price of GBX 31.23 and a two-hundred day moving average price of GBX 32.96.

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.