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 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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