Jefferies analyst Andrew Wade maintained a Buy rating on THG (THG – Research Report) today and set a price target of p75.00.
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Andrew Wade has given his Buy rating due to a combination of factors that reflect THG’s strategic progress and financial performance. The company has successfully aligned its FY24 results with market expectations, demonstrating significant strategic achievements, including the demerger and refinancing activities. These efforts have laid a solid foundation for future growth, especially in the Beauty and Nutrition divisions, which have shown divergent but promising margin trends.
Furthermore, the Nutrition segment has returned to growth in the first quarter of FY25, indicating a positive trajectory after a challenging previous year. The Beauty division has maintained its growth path over two years, reinforcing THG’s ability to meet its FY25 guidance. These developments suggest a stable outlook for THG, supporting Andrew Wade’s positive stance and Buy rating on the stock.