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OFFON

T. ROWE PRICE GROUP, INC.

(TROW)
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T. Rowe Price builds up 5% stake in UK online retailer THG

11/10/2021 | 12:09pm EST

Nov 10 (Reuters) - U.S.-based asset management firm T. Rowe Price has taken up a 5% stake in online retail platform THG Plc , a regulatory filing showed on Wednesday, making it among the top 10 shareholders in the British company.

THG's shares have shed about 60% since its IPO in September, 2020. The global investment firm's stake crossed the 5% threshold on Nov. 8, the same day that THG chief executive Matt Moulding said he regretted floating the company, prompting speculation it could be delisted. T. Rowe's stake makes it the company's eighth largest investor, according to Refinitiv Eikon.

(Reporting by Priyanshi Mandhan and Yadarisa Shabong in Bengaluru; editing by Arpan Varghese)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
T. ROWE PRICE GROUP, INC. -1.32% 174.97 Delayed Quote.-11.02%
THG PLC 3.48% 186.9362 Delayed Quote.-21.34%
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Analyst Recommendations on T. ROWE PRICE GROUP, INC.
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Financials (USD)
Sales 2021 7 655 M - -
Net income 2021 2 973 M - -
Net cash 2021 4 361 M - -
P/E ratio 2021 13,3x
Yield 2021 4,15%
Capitalization 40 103 M 40 103 M -
EV / Sales 2021 4,67x
EV / Sales 2022 4,46x
Nbr of Employees 7 124
Free-Float -
Chart T. ROWE PRICE GROUP, INC.
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T. Rowe Price Group, Inc. Technical Analysis Chart | TROW | US74144T1088 | MarketScreener
Technical analysis trends T. ROWE PRICE GROUP, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 174,97 $
Average target price 201,75 $
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Robert Wade Sharps President, Chief Executive Officer & Director
Jennifer B. Dardis Chief Financial Officer & Treasurer
William Joseph Stromberg Non-Executive Chairman
Scot Baldry Head-Global Technology
Robert Charles Trant Higginbotham Chief Operating Officer & Head-Global Distribution
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