Analyst Revises Hartford Financial Services Group Inc (NYSE:HIG) Stock Target

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Hartford Financial Services Group Inc (NYSE:HIG) mean price target has been set at $50.310 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.990 in the near-term quarter and $3.890 for the ongoing fiscal. The market cap of Hartford Financial Services Gro was recorded at $17.22B after the stock closed at $43.765 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Hartford Financial Services Group Inc (NYSE:HIG) has a P/E ratio of 11.948. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Hartford Financial Services Group Inc (NYSE:HIG) PEG ratio sits at 1.540. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Hartford Financial Services Gro visibly illustrates that the 50-day MA of Hartford Financial Services Gro is $43.891, and stock is trading -0.126 or -0.287% distant from $43.891. The 200-day MA is $43.384, and this price is $0.381 or +0.877% off from current level. Hartford Financial Services Group Inc (NYSE:HIG) 52-week high is $50.950 and the 52-week low is $36.540. This represents that if the stock moves $-7.185 points up on the chart to make a 52-week high. But, if it declines $+19.773%, then the shares price can hit a new 52-week low.

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