Hapag-Lloyd (ETR:HLAG) has been given a €37.00 ($43.02) price objective by equities researchers at Berenberg Bank in a research report issued to clients and investors on Friday, August 30th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s price target suggests a potential downside of 42.81% from the company’s previous close.
Several other brokerages also recently commented on HLAG. Kepler Capital Markets set a €36.00 ($41.86) target price on Hapag-Lloyd and gave the stock a “buy” rating in a report on Monday, May 13th. Warburg Research set a €34.00 ($39.53) target price on Hapag-Lloyd and gave the stock a “sell” rating in a report on Monday, August 12th. Deutsche Bank set a €28.00 ($32.56) price objective on Hapag-Lloyd and gave the stock a “neutral” rating in a research report on Friday, June 28th. Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Goldman Sachs Group set a €30.00 ($34.88) target price on Hapag-Lloyd and gave the company a “sell” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Hapag-Lloyd presently has an average rating of “Hold” and a consensus target price of €34.83 ($40.49).
Shares of HLAG traded down €2.40 ($2.79) during midday trading on Friday, hitting €64.70 ($75.23). The company’s stock had a trading volume of 21,625 shares, compared to its average volume of 88,256. Hapag-Lloyd has a one year low of €21.04 ($24.47) and a one year high of €71.00 ($82.56). The company’s fifty day simple moving average is €52.53 and its two-hundred day simple moving average is €35.65. 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 stock has a market capitalization of $11.37 billion and a price-to-earnings ratio of 40.24.
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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