As of March 13, 2026, the THG plc (LSE: THG) share price is trading at 31.22p, following a period of consolidation after its fourth-quarter trading statement. The stock has experienced significant volatility over the past year, moving from a 52-week high of 52.55p in January 2026 to its current levels as the market digests the company’s first full year of revenue growth since 2021. With a market capitalization of approximately £490 million, THG remains a key player in the global beauty and nutrition sectors, supported by a strategic shift toward high-margin territories and the continued expansion of its THG Ingenuity platform.
Current THG Market Performance
The THG share price entered March 2026 under pressure, characterized by a month-to-date decline from the 34.24p seen in late February. While the broader FTSE All-Share has shown resilience, THG has underperformed its peers by approximately 21% over the last year. Despite this, technical indicators show a strong support floor near the 30.80p mark, where buying activity typically intensifies from institutional “turnaround” investors.
Liquidity remains high for the stock, with average daily volumes exceeding 5 million shares. Market sentiment is currently categorized as “Neutral” by major UK analysts, reflecting a tug-of-war between those viewing the current price as a deep-value entry point and those wary of the company’s path to sustained GAAP profitability.
Key Trading Metrics (March 2026)
Last Price: 31.22p (Market Close March 12, 2026)
52-Week High: 52.55p
52-Week Low: 22.90p
Market Cap: ~£490.37 Million
Shares in Issue: 1.56 Billion
Revenue Growth and 2026 Outlook
THG management has signaled “significant momentum” for 2026, targeting a total revenue growth rate of roughly 7%. This follows a successful 2025 where the Beauty division grew by 6.4% and Nutrition jumped by 8.5%. The strategy has shifted from rapid global expansion to a disciplined focus on “high-profit territories,” effectively pulling away from lower-margin markets to boost the bottom line.
A major financial catalyst for the 2026 fiscal year is the anticipated £55 million VAT refund from HMRC. If realized, this influx of cash is expected to bolster the company’s free cash flow, which is projected to reach £20-25 million by year-end, providing a safety net for further technological investments.
Myprotein and Beauty Division Scaling
The Nutrition division, led by the Myprotein brand, remains the crown jewel of the THG portfolio. In early 2026, THG announced a landmark licensing partnership with Greencore, aimed at expanding Myprotein’s footprint in the UK “food-to-go” market. This move allows the brand to transition from a digital-first entity to a ubiquitous physical presence in major retailers and convenience stores.
Meanwhile, THG Beauty continues to leverage its “Lookfantastic” platform, which saw an impressive 16.2% growth in the UK and Ireland recently. By integrating AI-powered personalization tools and virtual “try-on” features, the division is successfully increasing spend-per-account and customer retention rates, which are currently at all-time highs for the group.
THG Ingenuity and External Growth
THG Ingenuity, the group’s technology and logistics arm, is undergoing a pivot in 2026. While the number of external stores on the platform has decreased to 212 as the company prunes lower-value contracts, the focus has shifted toward larger, enterprise-level partnerships. Brands like Biossance and Wrexham AFC have recently utilized the platform for their global e-commerce and merchandise operations.
The “Ingenuity” strategy is now centered on “Authentic Purpose” and “Transparency,” using blockchain-verified metrics to help beauty brands prove product claims to increasingly skeptical consumers. This specialized tech stack remains a key differentiator for the group, though its valuation as a standalone entity remains a point of debate among LSE investors.
Management and Shareholder Activity
CEO Matthew Moulding remains the most active participant in the stock’s recent history, executing several significant “Buy” transactions in late 2025 and early 2026. In February 2026, Moulding increased his holding by over 24 million shares at an average price of 34.93p, a move widely interpreted as a signal of confidence in the company’s undervalued status.
The board has also seen structural changes to enhance governance, including new committee memberships aimed at improving oversight. While the company does not currently pay a dividend, the focus remains on reinvesting capital into the Nutrition and Beauty divisions to drive the 85% earnings growth rate forecasted by some aggressive market analysts.
Practical Information for Investors
Stock Ticker: THG (London Stock Exchange).
Broker Access: Most UK-based online brokers like Hargreaves Lansdown, AJ Bell, and Fidelity offer access to THG shares.
Investor News: Official regulatory announcements (RNS) can be found on the London Stock Exchange website or the THG Investor Relations portal.
Investment Risk: Highly Speculative. THG is currently classified as a “Turnaround” stock with high volatility and sensitive to commodity price fluctuations (e.g., whey prices for Myprotein).
Currency: Trading is conducted in GBX (Pence). 100 GBX = £1.
FAQs
What is the current THG share price?
As of March 13, 2026, the THG share price is 31.22p.
What is the analyst consensus price target for THG in 2026?
The average analyst price target is 55.33p, representing a potential upside of over 70% from current levels.
Does THG plc pay a dividend?
No, THG does not currently pay a dividend as it prioritizes reinvesting cash into business growth and debt reduction.
Who is the CEO of THG?
The company is led by its founder and Executive Chair, Matthew Moulding.
What is the 52-week range for THG shares?
Over the past year, the stock has traded between a low of 22.90p and a high of 52.55p.
What is THG Ingenuity?
It is the company’s proprietary vertically-integrated e-commerce platform that provides hosting, marketing, and fulfillment services to external brands.
Is THG plc profitable in 2026?
THG is currently forecast to remain GAAP unprofitable for the 2026 fiscal year, though Adjusted EBITDA is projected to hit £100 million.
How many shares does THG have in issue?
There are approximately 1.56 billion ordinary shares in issue.
What are the main risks to the THG share price?
Key risks include elevated commodity prices (specifically whey), high customer acquisition costs in the beauty sector, and broader UK macroeconomic weakness.
Where is THG headquartered?
The company is based at Manchester Airport, England.
For More business Related insights click on :
Metals One Share Price: 2026 Investor Guide and Project Analysis
Rheinmetall Stock: 2026 Analysis of Price Targets, Dividends, and Defense Growth
To read more , Brighton City News