Published: September 23, 2025 at 1:08 pm
JP Morgan has upgraded its outlook on online retailer THG.
The Manchester-headquartered group returns to the FTSE 250 tomorrow (September 24) on the back of positive half-year results.
Now JP Morgan has raised THG’s stock from ‘underweight’ to ‘neutral’ – sparking a 4.5 per cent increase in the retailer’s share price.
Underweight means they expect the stock to perform worse than the overall market while neutral stock is predicted to perform in line with the market.
THG’s share price currently stands at just over 38p with a market cap of £532m.
The figures are up from 25p and £352m respectively at the start of June – but are still well down from THG’s IPO valuation of £5.4bn in 2020.