The Hanover Insurance Group Stock Rating Lowered by Zacks (THG)
The Hanover Insurance Group (NYSE:THG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $64.70 price objective on the stock. Zacks‘ price objective points to a potential upside of 9.35% from the company’s current price.
The Hanover Insurance Group (NYSE:THG) traded up 0.90% during mid-day trading on Monday, hitting $59.70. 93,937 shares of the company’s stock traded hands. The Hanover Insurance Group has a 52-week low of $39.25 and a 52-week high of $61.72. The stock has a 50-day moving average of $59.68 and a 200-day moving average of $55.5. The company has a market cap of $2.618 billion and a price-to-earnings ratio of 21.04.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.56. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that The Hanover Insurance Group will post $4.82 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $60.00 to $67.00 in a research note to investors on Friday, November 1st. Separately, analysts at JMP Securities raised their price target on shares of The Hanover Insurance Group from $61.00 to $63.00 in a research note to investors on Thursday, October 31st. They now have a “market outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of The Hanover Insurance Group from $56.00 to $59.00 in a research note to investors on Thursday, October 31st. They now have an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.54.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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