Shares of THG Plc (LON:THG – Get Free Report) shot up 3.2% during mid-day trading on Wednesday . The stock traded as high as GBX 32.90 and last traded at GBX 31.90. 69,304,359 shares traded hands during trading, an increase of 487% from the average session volume of 11,815,049 shares. The stock had previously closed at GBX 30.90.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 60 price objective on shares of THG in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 57.50.
View Our Latest Research Report on THG
THG Stock Up 3.2%
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.
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