JPMorgan Chase & Co. Has Lowered Expectations for THG (LON:THG) Stock Price

THG (LON:THG) had its target price dropped by JPMorgan Chase & Co. from GBX 28 to GBX 24 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 19.35% from the stock’s current price.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 65 target price on shares of THG in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 47.33.

THG Price Performance

Shares of LON THG opened at GBX 29.76 on Tuesday. The firm has a market cap of £393.83 million, a P/E ratio of -1.68, a price-to-earnings-growth 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 75.19. THG has a 1-year low of GBX 22.90 and a 1-year high of GBX 68.20. The business’s 50 day moving average is GBX 30.83 and its 200-day moving average is GBX 30.91.

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.