THG (LON:THG) Stock Price Down 2.3% – What’s Next?

THG Plc (LON:THG) shares dropped 2.3% on Wednesday . The company traded as low as GBX 29.86 and last traded at GBX 30.54. Approximately 25,259,541 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 12,501,264 shares. The stock had previously closed at GBX 31.26.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 60 price objective 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 given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 57.50.

THG Trading Down 2.3%

The business has a 50-day moving average of GBX 31.57 and a 200 day moving average of GBX 34.61. The company has a debt-to-equity ratio of 131.97, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market cap of £484.63 million, a PE ratio of 7.63, a PEG 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.