ZIM Integrated Shipping Services (NYSE:ZIM) Coverage Initiated by Analysts at Citigroup

Stock analysts at Citigroup started coverage on shares of ZIM Integrated Shipping Services (NYSE:ZIM) in a report released on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Citigroup’s target price suggests a potential upside of 34.23% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Barclays initiated coverage on ZIM Integrated Shipping Services in a research report on Monday. They issued an “equal weight” rating and a $20.00 target price for the company. Clarkson Capital began coverage on ZIM Integrated Shipping Services in a research note on Monday. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group began coverage on ZIM Integrated Shipping Services in a research report on Monday. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group began coverage on ZIM Integrated Shipping Services in a research report on Monday. They set a “buy” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.00.

ZIM Integrated Shipping Services stock opened at $20.86 on Tuesday. ZIM Integrated Shipping Services has a 52 week low of $11.34 and a 52 week high of $22.58.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services. The company offers dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, an application that provides containers' information.

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