THG (LON:THG) Trading Up 11.6% - What's Next?

THG Plc (LON:THG - Get Free Report) rose 11.6% on Monday . The stock traded as high as GBX 47.28 ($0.59) and last traded at GBX 47.03 ($0.59). Approximately 3,710,683 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 5,428,370 shares. The stock had previously closed at GBX 42.15 ($0.53).

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on THG shares. Canaccord Genuity Group reduced their price target on shares of THG from GBX 66 ($0.83) to GBX 53 ($0.66) and set a "hold" rating for the company in a report on Thursday, September 26th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of THG in a research note on Thursday, December 5th.

THG Stock Performance

The company has a 50 day moving average price of GBX 45.29 and a 200-day moving average price of GBX 54.27. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The company has a market cap of £705.02 million, a P/E ratio of -271.06, a PEG ratio of -0.08 and a beta of 2.40.

Insider Buying and Selling at THG

In other news, insider Damian Sanders acquired 153,061 shares of the business's stock in a transaction dated 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 ($93,831.97). Also, insider Charles Allen bought 542,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of GBX 46 ($0.58) per share, with a total value of £249,320 ($311,922.93). 31.60% of the stock is owned by corporate insiders.

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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.