THG (LON:THG) PT Lowered to GBX 53 at Canaccord Genuity Group

THG (LON:THG) had its price objective reduced by equities research analysts at Canaccord Genuity Group from GBX 66 ($0.88) to GBX 53 ($0.71) in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential downside of 7.10% from the company’s previous close.

THG has been the topic of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 105 ($1.41) price target on shares of THG in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price target on shares of THG from GBX 48 ($0.64) to GBX 49 ($0.66) and gave the company an “underweight” rating in a research note on Friday, July 12th.

THG Trading Up 2.4 %

THG stock opened at GBX 57.05 ($0.76) on Thursday. The company’s 50-day simple moving average is GBX 60.32 and its 200-day simple moving average is GBX 63.76. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. THG has a 52-week low of GBX 50.60 ($0.68) and a 52-week high of GBX 89.98 ($1.20). The firm has a market cap of £758.77 million, a P/E ratio of -335.59, a PEG ratio of -0.08 and a beta of 2.40.

THG Company Profile

THG Plc operates as an e-commerce technology company in the United Kingdom, the United States, Europe, and internationally. The company operates pure-play sites, such as Lookfantastic, Cult Beauty, and Dermstore that offers approximately 1,300 premium brands across the skincare, haircare, cosmetics, and fragrance categories; Myprotein, a direct-to-consumer sports nutrition provider that offers products across various categories, including vegan alternatives, health snacks, vitamins and athleisure; and THG Ingenuity, an end-to-end platform that powers digital experience and retail for FMCG, beauty, and retail brands.