Shares in THG plc have received an upgrade from JP Morgan following a significant surge in value over recent weeks.

The Manchester -based company has witnessed its share price climb from 27p on 8 September to 38p today, driven by encouraging half-year results, as reported by City AM .

This recent uptick in THG's valuation has enabled the group, encompassing brands such as Myprotein and Cult Beauty, to regain its position within the FTSE 250 index.

THG plc previously owned City AM until its Ingenuity division separated from the broader organisation at the beginning of 2025.

In a research note, JP Morgan commented: "We see the tide turning post a period of strategic evolvement."

"Having been sceptical on the equity story for past three years, and maintaining our [underwriting] UW th

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