THG (LON:THG) Stock Price Up 11.6% – Here’s Why

Posted by James Conley on Jan 8th, 2025

Shares of THG Plc (LON:THG – Get Free Report) shot up 11.6% on Monday . The company traded as high as GBX 47.28 ($0.59) and last traded at GBX 47.03 ($0.59). 3,710,683 shares were traded during trading, a decline of 32% from the average session volume of 5,428,370 shares. The stock had previously closed at GBX 42.15 ($0.53).

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on THG. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a report on Thursday, December 5th. Canaccord Genuity Group lowered their price target on THG from GBX 66 ($0.82) to GBX 53 ($0.66) and set a “hold” rating on the stock in a report on Thursday, September 26th.

Read Our Latest Stock Report on THG

THG Trading Down 2.5 %

The stock has a market cap of £676.67 million, a price-to-earnings ratio of -260.16, a PEG ratio of -0.08 and a beta of 2.40. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The business has a 50-day moving average of GBX 45.30 and a 200-day moving average of GBX 54.04.

Insider Activity at THG

In related news, insider Damian Sanders purchased 153,061 shares of THG stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of GBX 49 ($0.61) per share, with a total value of £74,999.89 ($93,562.74). Also, insider Charles Allen purchased 542,000 shares of THG stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of GBX 46 ($0.57) per share, with a total value of £249,320 ($311,027.94). Insiders own 31.60% of the company’s stock.

THG Company Profile

(Get Free Report)

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.