Goldman Sachs Group Reiterates €30.00 Price Target for Hapag-Lloyd (ETR:HLAG)

Goldman Sachs Group set a €30.00 ($34.88) target price on Hapag-Lloyd (ETR:HLAG) in a research note published on Monday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Other analysts also recently issued reports about the company. Deutsche Bank set a €28.00 ($32.56) price objective on Hapag-Lloyd and gave the company a neutral rating in a research note on Friday, June 28th. Warburg Research set a €34.00 ($39.53) price objective on Hapag-Lloyd and gave the company a sell rating in a research note on Monday, August 12th. Jefferies Financial Group set a €40.00 ($46.51) target price on Hapag-Lloyd and gave the stock a sell rating in a research note on Monday, September 9th. HSBC set a €25.20 ($29.30) target price on Hapag-Lloyd and gave the stock a sell rating in a research note on Tuesday, October 1st. Finally, Berenberg Bank set a €37.00 ($43.02) target price on Hapag-Lloyd and gave the stock a neutral rating in a research note on Friday, August 30th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Hapag-Lloyd currently has an average rating of Hold and an average target price of €34.63 ($40.26).

HLAG opened at €64.50 ($75.00) on Monday. The business has a 50 day moving average price of €63.20 and a two-hundred day moving average price of €43.09. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 105.51. The company has a market cap of $11.34 billion and a PE ratio of 40.11. Hapag-Lloyd has a 52 week low of €21.04 ($24.47) and a 52 week high of €71.00 ($82.56).

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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Analyst Recommendations for Hapag-Lloyd (ETR:HLAG)

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