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Barclays initiated coverage of e-commerce company THG with an equal weight rating and a 42 pence price target, forecasting 12% annual earnings growth from 2026 to 2028. The bank expects margin recovery at THG's Nutrition division as whey protein costs fall.
THG said WPC80 whey prices have dropped about 20% since its September interim results.
Lower whey protein prices reduce input costs for protein-supplement makers and signal softer dry whey demand and pricing. The effect on feed-grade whey is modest, since this is a brand-level analyst note.
investing.comNavamya AcharyaNov 11, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
