THG (LON:THG) Stock Price Up 11.6% – What’s Next?

THG Plc (LON:THG)’s stock price shot up 11.6% during mid-day trading on Monday . The company traded as high as GBX 47.28 ($0.59) and last traded at GBX 47.03 ($0.58). 3,710,683 shares changed hands 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 ($0.52).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a research report on Thursday, December 5th. Canaccord Genuity Group reduced their price target on shares of THG from GBX 66 ($0.82) to GBX 53 ($0.66) and set a “hold” rating for the company in a research report on Thursday, September 26th.

THG Stock Performance

The company has a debt-to-equity ratio of 111.80, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a 50 day moving average price of GBX 45.29 and a two-hundred day moving average price of GBX 54.27. The company has a market capitalization of £725.51 million, a P/E ratio of -278.94, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

Insider Activity at THG

In other news, insider Charles Allen purchased 542,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of GBX 46 ($0.57) per share, for a total transaction of £249,320 ($309,829.75). Also, insider Damian Sanders purchased 153,061 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of GBX 49 ($0.61) per share, for a total transaction of £74,999.89 ($93,202.30). 31.60% of the stock is currently owned by company insiders.

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.