THG PLC 14.7% potential upside indicated by Canaccord Genuity

THG PLC with ticker (LON:THG) now has a potential upside of 14.7% according to Canaccord Genuity.



Canaccord Genuity set a target price of 98 GBX for the company, which when compared to the THG PLC share price of 85 GBX at opening today (21/04/2023) indicates a potential upside of 14.7%. Trading has ranged between 31 (52 week low) and 159 (52 week high) with an average of 8,220,598 shares exchanging hands daily. The market capitalisation at the time of writing is £1,172,254,672.

THG PLC is a consumer brands company, which retails its own brands in beauty and nutrition, plus third-party brands, via its proprietary, end-to-end, e-commerce technology, infrastructure and brand building platform THG Ingenuity. The Company’s business is operated through the following businesses: THG Beauty, which is a brand owner, retailer and manufacturer in the prestige beauty market, combining its owned brands across skincare, haircare and cosmetics; THG Nutrition, which includes online sports nutrition brand Myprotein and its family brands (Myvegan, Myvitamins, MP Clothing and Myprotein Pro) with an integrated business model; THG OnDemand, which enables brands to offer products to a range of consumers through Websites including Zavvi, IWOOT and Pop in a Box; THG Ingenuity commerce provides direct-to-consumer e-commerce solution for consumer brand owners under software as a service license; and Other business includes Luxury D2C Websites including Coggles, AllSole and MyBag.