Hanover Insurance Stock Target Price and Analyst Consensus
| THG Stock | USD 165.01 0.74 0.45% |
The current analyst and expert consensus on Hanover Insurance is Strong Buy, with 2 strong buy opinions. The current projected Hanover Insurance target price consensus is 130.33 with 6 analyst opinions. Check out Macroaxis Advice on Hanover Insurance to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. The most common way Hanover Insurance analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Hanover Insurance executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Hanover Insurance. We strongly encourage you to use your own analysis of Hanover Insurance to validate this buy or sell advice. Hanover Insurance buy-or-sell recommendation module provides average expert sentiment on the projected Hanover Insurance target price to derive its highest and lowest estimates based on projected price volatility of 1.2442.
Lowest Forecast 118.6 | Highest Forecast 144.67 | Target Price 130.33 |
Hanover |
It's important to approach Hanover Insurance's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Hanover Insurance price targets
Hanover Insurance's stock target price is an estimate of its future price, usually made by analysts. Using Hanover Insurance's target price to determine if it is a suitable investment can be done through the following steps:- Look at Hanover Insurance's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Hanover Insurance's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Hanover Insurance Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Hanover Insurance is a key component of Hanover Insurance valuation and have some predictive power on the future returns of a Hanover Insurance.Trending Themes
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Check out Macroaxis Advice on Hanover Insurance to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.