THG (LON:THG) Stock Jumps 17.3% – Here’s What Happened

THG Plc (LON:THG)’s stock price rose 17.3% during trading on Thursday. The stock traded as high as GBX 32.76 and last traded at GBX 32.28. 397,915,844 shares traded hands during trading, an increase of 2,763% from the average session volume of 13,897,093 shares. The stock had previously closed at GBX 27.52.

Key THG News

Here are the key news stories impacting THG this week:

• Positive Sentiment: Profit forecast raised: THG upgraded its FY26 adjusted EBITDA expectation to approximately £103 million, above market expectations. The company said Nutrition performance, particularly Myprotein, is driving the improvement despite only modest overall third-quarter revenue growth of 1.3%. THG Plc Upgrades FY26 Adjusted EBITDA Expectations
• Positive Sentiment: Lower whey prices should improve margins: Falling whey costs are benefiting the Myprotein business, helping THG expect its first full year of positive cash flow. This is particularly important for a company with a negative net margin and debt-to-equity ratio above 145%. THG Benefits as Whey Prices Fall
• Positive Sentiment: Core brands are showing momentum: Management highlighted strong UK Beauty and MP Activewear trends, while Nutrition demand is offsetting weaker performance in parts of the Beauty division. THG Upbeat as Core Business Sees Ongoing Momentum
• Positive Sentiment: Analyst support added to the catalyst: Jefferies reaffirmed its “buy” rating and set a GBX 60 price target, well above the recent trading range. THG Boosts Outlook, Shares Rocket
• Neutral Sentiment: Risks remain: Third-quarter sales growth was modest, Beauty was weaker than Nutrition, and increased competition in high-protein drinks could pressure future growth. Articles referring to Hanover Insurance Group use the same “THG” ticker but do not concern THG Plc.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 60 price target on shares of THG in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 57.50.

THG Stock Performance

The firm has a market capitalization of £512.24 million, a price-to-earnings ratio of -6.46, a P/E/G ratio of -0.08 and a beta of 2.49. The company has a 50-day moving average price of GBX 30.10 and a 200-day moving average price of GBX 31.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 145.47.

THG (LON:THG) last announced its earnings results on Thursday, September 10th. The company reported GBX (3) earnings per share for the quarter. THG had a negative net margin of 3.73% and a negative return on equity of 16.03%. As a group, equities research analysts forecast that THG Plc will post -6.72 earnings per share for the current year.

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.