The Hanover Insurance Group, Inc. (THG) Trades at $120.62 Forming Wedge Up Chart Pattern

April 17, 2018 - By Patrick Harkless

The Hanover Insurance Group, Inc. (NYSE:THG) Corporate Logo

With $125.44 PT The Hanover Insurance Group, Inc. (THG) shows an up wedge chart pattern. That’s 4.00 % above today’s $120.62 share price. The valuation of THG can change by $205.32M if our $125.44 PT is touched.

Its shares touched $120.62 on during the last trading session after 0.27% change.The Hanover Insurance Group, Inc. has volume of 6,952 shares. Since April 17, 2017 THG has risen 27.09% and is uptrending. THG outperformed the S&P 500 by 15.54%.

Analysts await The Hanover Insurance Group, Inc. (NYSE:THG) to report earnings on May, 2. They expect $1.87 EPS, up 96.84 % or $0.92 from last year’s $0.95 per share. THG’s profit will be $79.58 million for 16.13 P/E if the $1.87 EPS becomes a reality. After $2.00 actual EPS reported by The Hanover Insurance Group, Inc. for the previous quarter, Wall Street now forecasts -6.50 % negative EPS growth.

The Hanover Insurance Group, Inc. (NYSE:THG) Ratings Coverage

In total 2 analysts cover Hanover Insurance (NYSE:THG). “Buy” rating has 1, “Sell” are 0, while 1 are “Hold”. 50% are bullish. With $13200 highest and $101.0 lowest [Target] Hanover Insurance has $123.50 average [Target] or 2.39% above the current ($120.62) price. 6 are the (NYSE:THG)’s analyst reports since November 2, 2017 according to StockzIntelligence Inc. On Thursday, February 1 Sandler O’Neill maintained the shares of THG in report with “Buy” rating. In Friday, April 6 report Sandler O’Neill maintained it with “Buy” rating and $13200 target. On Monday, December 4 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Tuesday, January 9 Sandler O’Neill maintained The Hanover Insurance Group, Inc. (NYSE:THG) with “Buy” rating. On Thursday, November 2 the stock of The Hanover Insurance Group, Inc. (NYSE:THG) earned “Hold” rating by Keefe Bruyette & Woods. On Thursday, February 1 the rating was maintained by Keefe Bruyette & Woods with “Hold”.

The Hanover Insurance Group, Inc. (NYSE:THG) Analyst Ratings Chart

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