THG PLC -27.6% potential downside indicated by JP Morgan

THG PLC with ticker (LON:THG) now has a potential downside of -27.6% according to JP Morgan.

THG.L

JP Morgan set a target price of 49 GBX for the company, which when compared to the THG PLC share price of 68 GBX at opening today (16/07/2024) indicates a potential downside of -27.6%. Trading has ranged between 56 (52 week low) and 110 (52 week high) with an average of 2,455,495 shares exchanging hands daily. The market capitalisation at the time of writing is £899,697,167.

THG PLC is a vertically integrated global ecommerce technology company. The Company owns brands through its technology platform, THG Ingenuity. THG Ingenuity provides end-to-end ecommerce solutions powering the Company’s brands offering alongside external, third-party brands to reach a global ecommerce consumer base. The Company’s business is operated through three divisions: THG Beauty, which is operates pure-play sites such as LOOKFANTASTIC, Cult Beauty and Dermstore, offering more than 1,300 brands across the skincare, haircare, cosmetics, and fragrance categories. THG Nutrition, which includes online sports nutrition brand Myprotein and its family brands (Myvegan, Myvitamins, MP Activewear and MyPRO) with an integrated business model, and THG Ingenuity commerce provides direct-to-consumer e-commerce solution for consumer brand owners s across its technology, digital marketing, and operations. THG Ingenuity also includes media related services.