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THG ( (GB:THG) ) has provided an announcement.
Myprotein, part of THG Nutrition, has announced a collaboration with Mars to launch Snickers-flavored protein powders and Mars-branded protein bars. This partnership is part of Myprotein’s strategy to expand its market presence, aiming to sell 45 million units globally by the end of 2025, and highlights the brand’s commitment to innovation and market differentiation.
The most recent analyst rating on (GB:THG) stock is a Hold with a £49.00 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 challenges and a mixed technical outlook. Strategic improvements and debt reduction are positive, but ongoing revenue declines and high leverage weigh heavily on the score.
To see Spark’s full report on GB:THG stock, click here.
More about THG
THG PLC is a global e-commerce group headquartered in Manchester, UK, operating through two main consumer businesses: THG Beauty and THG Nutrition. THG Beauty manages online platforms like Lookfantastic and Cult Beauty, while THG Nutrition, led by Myprotein, spans multiple health and wellness categories, providing products directly to consumers and through strategic partnerships worldwide.
Average Trading Volume: 5,096,034
Technical Sentiment Signal: Buy
Current Market Cap: £694.4M
Find detailed analytics on THG stock on TipRanks’ Stock Analysis page.