THG Shares Upgraded Amid FTSE 250 Return
Shares in THG plc have been upgraded by JP Morgan after a significant surge in value over recent weeks, prompting a return to the FTSE 250 index.
The Manchester-headquartered group has seen its share price rise from 27p on 8 September to 38p, driven by positive half-year results. This increase in value has led to THG's return to the FTSE 250 index.
THG plc, which owns brands such as Myprotein and Cult Beauty, was previously the owner of City AM until its Ingenuity division demerged at the start of 2025.
“We see the tide turning post a period of strategic evolvement,”
said JP Morgan in an analyst note.
Author's summary: THG shares upgraded by JP Morgan.
- Share price rose from 27p to 38p
- Return to FTSE 250 index
- Positive half-year results
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