THG (LON:THG) Reaches New 12-Month Low – Here’s What Happened

Shares of THG Plc (LON:THG) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 33.88 ($0.41) and last traded at GBX 39.85 ($0.48), with a volume of 2165286 shares traded. The stock had previously closed at GBX 39.88 ($0.49).

Analysts Set New Price Targets

Several research firms have recently issued reports on THG. JPMorgan Chase & Co. reissued an “underweight” rating on shares of THG in a research report on Thursday, December 5th. Canaccord Genuity Group dropped their price objective on shares of THG from GBX 66 ($0.80) to GBX 53 ($0.64) and set a “hold” rating for the company in a research report on Thursday, September 26th.

THG Stock Up 0.3 %

The firm’s 50-day moving average price is GBX 44.70 and its 200-day moving average price is GBX 53. The company has a market cap of £612 million, a price-to-earnings ratio of -235.29, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The company has a debt-to-equity ratio of 111.80, a current ratio of 1.25 and a quick ratio of 0.89.

Insider Activity at THG

In other news, insider Charles Allen purchased 542,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of GBX 46 ($0.56) per share, with a total value of £249,320 ($303,345.91). Company insiders own 31.60% of the company’s stock.

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.