Frasers Group Increases Stake in THG PLC

THG ( (GB:THG) ) has issued an update.

THG PLC, a UK-based company, has announced a change in its major holdings as Frasers Group Plc has increased its voting rights in the company. The acquisition has resulted in Frasers Group holding 12.61% of the voting rights, up from 11.07%, indicating a strategic move by Frasers Group to strengthen its influence within THG. This change in holdings could have implications for THG’s governance and strategic direction, reflecting Frasers Group’s growing interest and potential influence in the company’s future operations.

The most recent analyst rating on (GB:THG) stock is a Buy with a £75.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.

Spark’s Take on GB:THG Stock

According to Spark, TipRanks’ AI Analyst, GB:THG is a Neutral.

THG’s overall stock score reflects significant financial and technical challenges, although recent corporate actions provide some positive outlook. The company’s high debt levels and declining revenues are primary concerns. Despite these issues, strategic initiatives to strengthen financial stability and market position offer some optimism for the future.

To see Spark’s full report on GB:THG stock, click here.

More about THG

Average Trading Volume: 6,731,275

Technical Sentiment Signal: Sell

Current Market Cap: £430.3M

See more data about THG stock on TipRanks’ Stock Analysis page.