Canaccord Genuity Group Lowers THG (LON:THG) Price Target to GBX 53

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

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 ($1.41) target price on shares of THG in a research report on Monday, June 24th. JPMorgan Chase & Co. upped their target price on THG from GBX 48 ($0.64) to GBX 49 ($0.66) and gave the company an “underweight” rating in a research report on Friday, July 12th.

THG Stock Performance

Shares of THG stock opened at GBX 57.05 ($0.76) on Thursday. The business’s fifty day simple moving average is GBX 60.32 and its 200-day simple moving average is GBX 63.76. The company has a market cap of £758.77 million, a PE ratio of -335.59, a PEG ratio of -0.08 and a beta of 2.40. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 111.80. THG has a 12-month low of GBX 50.60 ($0.68) and a 12-month high of GBX 89.98 ($1.20).

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.