THG (LON:THG) Trading 12.3% Higher – What’s Next?
by Renee Jackson · The Cerbat GemTHG Plc (LON:THG – Get Free Report)’s stock price was up 12.3% during mid-day trading on Tuesday . The stock traded as high as GBX 34.66 and last traded at GBX 34.58. Approximately 4,257,695 shares changed hands during trading, a decline of 42% from the average daily volume of 7,373,125 shares. The stock had previously closed at GBX 30.80.
Analyst Ratings Changes
Several analysts have issued reports on THG shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 60 target price on shares of THG in a research note on Friday, March 27th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of THG in a research note on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, THG has a consensus rating of “Moderate Buy” and an average price target of GBX 57.50.
Check Out Our Latest Report on THG
THG Stock Performance
The firm’s fifty day moving average price is GBX 32.60 and its 200 day moving average price is GBX 39.64. 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 £544.89 million, a PE ratio of 8.75, a PEG ratio of -0.08 and a beta of 2.60.
THG (LON:THG – Get Free Report) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX (0.04) EPS for the quarter. THG had a net margin of 3.15% and a return on equity of 12.75%. On average, research analysts anticipate that THG Plc will post -6.7170435 earnings per share for the current year.
Insider Activity at THG
In related news, insider Matthew Moulding purchased 24,395,170 shares of the stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of GBX 35 per share, for a total transaction of £8,538,309.50. 22.90% of the stock is currently owned by corporate insiders.
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.