THG (LON:THG) Trading 3.2% Higher – Should You Buy?

THG Plc (LON:THG)’s share price rose 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 changed 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 Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 60 target price on shares of THG in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, THG currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 57.50.

THG Stock Up 3.2%

The stock has a fifty day moving average of GBX 31.22 and a 200 day moving average of GBX 33.03. The company has a debt-to-equity ratio of 131.97, a current ratio of 0.92 and a quick ratio of 0.89. The firm has a market capitalization of £506.24 million, a P/E ratio of 7.98, a price-to-earnings-growth ratio of -0.08 and a beta of 2.46.

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.