Hapag-Lloyd (ETR:HLAG) PT Set at €37.00 by Berenberg Bank

Berenberg Bank set a €37.00 ($43.02) price objective on Hapag-Lloyd (ETR:HLAG) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on HLAG. HSBC set a €25.20 ($29.30) target price on shares of Hapag-Lloyd and gave the company a sell rating in a report on Tuesday, October 1st. Goldman Sachs Group set a €30.00 ($34.88) target price on shares of Hapag-Lloyd and gave the company a sell rating in a report on Monday, October 21st. Jefferies Financial Group set a €40.00 ($46.51) target price on shares of Hapag-Lloyd and gave the company a sell rating in a report on Monday, September 9th. Finally, Warburg Research set a €34.00 ($39.53) target price on shares of Hapag-Lloyd and gave the company a sell rating in a report on Monday, August 12th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Hapag-Lloyd has a consensus rating of Hold and an average target price of €33.72 ($39.21).

Shares of ETR:HLAG traded up €4.50 ($5.23) during midday trading on Thursday, hitting €77.80 ($90.47). 50,270 shares of the company’s stock traded hands, compared to its average volume of 88,256. The company has a debt-to-equity ratio of 100.64, a quick ratio of 0.47 and a current ratio of 0.61. The company has a market cap of $12.88 billion and a PE ratio of 42.84. The firm’s fifty day moving average price is €64.20 and its two-hundred day moving average price is €47.33. Hapag-Lloyd has a twelve month low of €21.04 ($24.47) and a twelve month high of €78.10 ($90.81).

About Hapag-Lloyd

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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