Citigroup Inc. Begins Coverage on Hoegh LNG Partners (HMLP)
Analysts at Citigroup Inc. assumed coverage on shares of Hoegh LNG Partners (NASDAQ:HMLP) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 8.15% from the stock’s previous close.
Shares of Hoegh LNG Partners (NASDAQ:HMLP) traded down 1.66% during mid-day trading on Tuesday, hitting $25.46. The stock had a trading volume of 113,667 shares. Hoegh LNG Partners has a 52 week low of $21.75 and a 52 week high of $26.00. The stock has a 50-day moving average of $24.57 and a 200-day moving average of $24.57. The company has a market cap of $669.9 million and a price-to-earnings ratio of 22.24.
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