Hapag-Lloyd (ETR:HLAG) has been given a €42.00 ($47.19) price target by equities researchers at Deutsche Bank in a report released on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 23.36% from the company’s previous close.
A number of other research firms also recently issued reports on HLAG. HSBC set a €25.00 ($28.09) price target on shares of Hapag-Lloyd and gave the company a “sell” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. set a €38.93 ($43.74) target price on shares of Hapag-Lloyd and gave the company a “sell” rating in a research note on Tuesday, June 16th. Jefferies Financial Group set a €38.00 ($42.70) target price on shares of Hapag-Lloyd and gave the company a “sell” rating in a research note on Tuesday, May 26th. Berenberg Bank set a €37.00 ($41.57) target price on shares of Hapag-Lloyd and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Goldman Sachs Group set a €31.00 ($34.83) target price on shares of Hapag-Lloyd and gave the company a “sell” rating in a research note on Tuesday, April 21st. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has an average rating of “Sell” and an average target price of €36.99 ($41.56).
Hapag-Lloyd stock opened at €54.80 ($61.57) on Monday. The company has a market cap of $9.61 billion and a price-to-earnings ratio of 32.91. The firm’s fifty day moving average is €93.70 and its 200 day moving average is €83.96. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 101.54. Hapag-Lloyd has a 52-week low of €35.35 ($39.72) and a 52-week high of €186.60 ($209.66).
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.
Featured Article: The basics of gap trading strategies
Receive News & Ratings for Hapag-Lloyd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hapag-Lloyd and related companies with MarketBeat.com's FREE daily email newsletter.