THG (LON:THG) Trading 2.7% Higher – Here’s Why

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

Wall Street Analysts Forecast Growth

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

THG Stock Performance

The company has a debt-to-equity ratio of 75.19, a quick ratio of 0.89 and a current ratio of 1.25. The stock has a fifty day simple moving average of GBX 44.93 and a two-hundred day simple moving average of GBX 37.06. The stock has a market cap of £606.14 million, a PE ratio of -4.63, a PEG ratio of -0.08 and a beta of 2.40.

Insider Buying and Selling at THG

In other news, insider Matthew Moulding bought 209,086,400 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was acquired at an average cost of GBX 32 per share, for a total transaction of £66,907,648. Company insiders own 9.54% of the company’s stock.

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.