THG (LON:THG) Trading 5.5% Higher – Should You Buy?

THG Plc (LON:THG) traded up 5.5% during trading on Monday . The company traded as high as GBX 33.06 and last traded at GBX 32.68. 95,369,430 shares changed hands during trading, an increase of 618% from the average session volume of 13,283,358 shares. The stock had previously closed at GBX 30.97.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 60 target price on shares of THG in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 57.50.

THG Trading Up 0.8%

The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 131.97. The business’s 50 day moving average is GBX 32.12 and its 200-day moving average is GBX 38.25. The firm has a market cap of £525.57 million, a P/E ratio of 8.28, a price-to-earnings-growth ratio of -0.08 and a beta of 2.43.

THG (LON:THG) last released its earnings results on Thursday, March 26th. The company reported GBX (0.04) earnings per share for the quarter. THG had a net margin of 3.15% and a return on equity of 12.75%. As a group, analysts forecast that THG Plc will post -6.7170435 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other THG news, insider Matthew Moulding bought 24,395,170 shares of the stock in a transaction on Friday, February 20th. The stock was purchased at an average price of GBX 35 per share, for a total transaction of £8,538,309.50. 22.90% of the stock is currently owned by 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.