THG (LON:THG) Hits New 1-Year High – Time to Buy?

THG Plc (LON:THG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 52.55 and last traded at GBX 51.06, with a volume of 3953974 shares traded. The stock had previously closed at GBX 47.92.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of THG from GBX 43 to GBX 55 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, THG currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 55.

THG Stock Up 2.2%

The company has a debt-to-equity ratio of 75.19, a current ratio of 1.25 and a quick ratio of 0.89. The company has a fifty day moving average price of GBX 44.75 and a 200 day moving average price of GBX 38.36. The company has a market cap of £682.40 million, a PE ratio of -4.50, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

Insider Activity at THG

In related news, insider Matthew Moulding acquired 209,086,400 shares of the stock in a transaction dated Monday, December 8th. The shares were purchased at an average price of GBX 32 per share, for a total transaction of £66,907,648. 9.54% of the stock is owned by insiders.

THG Company Profile

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.