THG Shares Upgraded Amid FTSE 250 Return
Shares in THG plc have been upgraded by JP Morgan after surging in value in recent weeks as it makes a return to the FTSE 250 index.
By Jon Robinson, shares in THG plc have seen a significant increase, with the share price rising from 27p on 8 September to 38p today, thanks to positive half-year results.
The Manchester-headquartered group, which includes brands like Myprotein and Cult Beauty, has returned to the FTSE 250 index due to its recent value increase.
Notably, THG plc was the owner of City AM until its Ingenuity division demerged from the group 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
- Owner of Myprotein and Cult Beauty