Goldman Sachs Group set a €30.00 ($34.88) price target on Hapag-Lloyd (ETR:HLAG) in a report released on Thursday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other equities research analysts have also commented on HLAG. Berenberg Bank set a €37.00 ($43.02) price objective on Hapag-Lloyd and gave the stock a neutral rating in a research note on Thursday. Warburg Research set a €34.00 ($39.53) price objective on Hapag-Lloyd and gave the stock a sell rating in a research note on Monday, August 12th. HSBC set a €25.20 ($29.30) price objective on Hapag-Lloyd and gave the stock a sell rating in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd and gave the stock a sell rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of €33.72 ($39.21).
ETR:HLAG traded up €4.50 ($5.23) during trading hours on Thursday, hitting €77.80 ($90.47). 50,270 shares of the stock were exchanged, compared to its average volume of 88,256. Hapag-Lloyd has a 52-week low of €21.04 ($24.47) and a 52-week high of €78.10 ($90.81). The firm’s fifty day moving average price is €64.20 and its 200 day moving average price is €47.33. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 100.64. The company has a market cap of $12.88 billion and a P/E ratio of 42.84.
Hapag-Lloyd Company Profile
Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. The company engages in the shipping of containers by sea; and provision of door to door transportation services. Its vessel and container fleets are used for the transportation of general and special cargo, various dangerous goods, and coffee, as well as reefer cargo comprising pharmaceuticals.
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