Liberum Capital Cuts THG (LON:THG) Price Target to GBX 750

THG (LON:THG) had its target price cut by equities researchers at Liberum Capital from GBX 1,080 ($14.11) to GBX 750 ($9.80) in a report issued on Thursday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price objective suggests a potential upside of 157.41% from the stock’s current price.

THG has been the subject of a number of other research reports. Barclays cut their price objective on shares of THG from GBX 885 ($11.56) to GBX 675 ($8.82) and set an “overweight” rating for the company in a report on Friday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 715 ($9.34) price objective on shares of THG in a research report on Monday, September 20th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 624 ($8.15) target price on shares of THG in a report on Wednesday. Finally, Morgan Stanley reduced their price target on THG from GBX 910 ($11.89) to GBX 860 ($11.24) and set an “overweight” rating on the stock in a report on Wednesday, June 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 724.80 ($9.47).

Shares of LON THG opened at GBX 291.37 ($3.81) on Thursday. The firm has a 50-day simple moving average of GBX 568.18 and a 200-day simple moving average of GBX 600.95. The company has a quick ratio of 1.90, a current ratio of 2.51 and a debt-to-equity ratio of 46.61. The stock has a market capitalization of £3.99 billion and a price-to-earnings ratio of -5.94. THG has a 52 week low of GBX 248.60 ($3.25) and a 52 week high of GBX 837.80 ($10.95).

In other news, insider Iain McDonald bought 25,000 shares of the business’s stock in a transaction on Tuesday, October 5th. The shares were bought at an average price of GBX 423 ($5.53) per share, with a total value of £105,750 ($138,163.05). Also, insider Damian Sanders acquired 5,217 shares of the company’s stock in a transaction dated Monday, September 20th. The stock was purchased at an average cost of GBX 560 ($7.32) per share, with a total value of £29,215.20 ($38,169.85). Insiders purchased 46,926 shares of company stock valued at $18,475,802 over the last quarter.

About THG

THG Holdings plc operates as an online retailer and technology company in the United Kingdom, Europe, and internationally. The company provides an end-to-end direct-to-consumer e-commerce solution for consumer brand owners under Software as a Service licenses. It is also involved in the manufacture and online retail of nutrition and wellbeing products; manufacture, ownership, and retailing of skincare, haircare, and cosmetics products.

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Analyst Recommendations for THG (LON:THG)

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