THG Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The Hanover Insurance Group (THG) stock is currently trading at $165.38 as of 2025-03-10. Based on the technical indicators:
- RSI (14): 56.03, indicating a neutral position, neither overbought nor oversold.
- MACD: Positive at 3.05, suggesting bullish momentum.
- Fibonacci Levels: Resistance at 171.89 and support at 158.99.
News Impact:
- Event Announcement: THG will present at the Bank of America Securities 2025 Financial Services Conference on February 11, 2025. This event could positively impact the stock price if the presentation is well-received.
- Dividend Announcement: Maintained a quarterly dividend of $0.90, reflecting stability.
Price Prediction:
Given the technical indicators and potential positive news from the conference, the stock is expected to rise towards the resistance level of 171.89.
Predicted Price for Next Trading Week: $171.89
Recommendation: Buy
THG Similar Chart Price Prediction
The price of THG is predicted to go up 3.71%, based on the high correlation periods with BX. The similarity of these two price pattern on the periods is 94.9%.
THG
BX
Up: 3.71%Similarity: 94.9%
THG Revenue Forecast
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THG Analyst's Forecast
Meyer Shields
Keefe, Bruyette & Woods
Hold
2025-02-10
Price Target
$176 → $179
Upside
+10.51%
Keefe Bruyette analyst Meyer Shields raised the firm's price target on The Hanover to $179 from $176 and keeps a Market Perform rating on the shares. The shares' valuation reasonably reflects The Hanover's success in reducing its overall property-related earnings volatility, the analyst tells investors in a research note.
Meyer Shields
Keefe, Bruyette & Woods
Hold
2025-01-10
Price Target
$170 → $176
Upside
+19.62%
Michael Zaremski
BMO Capital
Buy
2024-12-19
Price Target
$161 → $180
Upside
+17.27%
