Hapag-Lloyd AG (HLAG) Given a €40.00 Price Target at Berenberg Bank
Hapag-Lloyd AG (ETR:HLAG) received a €40.00 ($47.06) price objective from analysts at Berenberg Bank in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock.
HLAG has been the subject of a number of other research reports. Warburg Research set a €42.00 ($49.41) price objective on shares of Hapag-Lloyd AG and gave the company a “buy” rating in a research report on Thursday, September 7th. HSBC Holdings plc set a €29.00 ($34.12) price objective on shares of Hapag-Lloyd AG and gave the company a “sell” rating in a research report on Thursday, August 31st. Goldman Sachs Group Inc set a €30.00 ($35.29) price objective on shares of Hapag-Lloyd AG and gave the company a “neutral” rating in a research report on Wednesday, August 30th. Citigroup Inc. set a €43.00 ($50.59) price objective on shares of Hapag-Lloyd AG and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, BNP Paribas reaffirmed a “neutral” rating on shares of Hapag-Lloyd AG in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of €37.79 ($44.46).
Hapag-Lloyd AG (ETR:HLAG) traded up 1.440% during trading on Friday, reaching €35.855. The company had a trading volume of 156 shares. The company’s market capitalization is €4.91 billion. The stock has a 50 day moving average price of €36.59 and a 200-day moving average price of €31.26. Hapag-Lloyd AG has a 52-week low of €16.98 and a 52-week high of €39.85.
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About Hapag-Lloyd AG
Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a container liner shipping company worldwide. The company is involved in the shipping of containers by sea. It offers dry, reefer, dangerous goods, and special cargo services, as well as coffee transport services The company owns or leases 959,249 containers with a capacity of approximately 1,576,163 TEU for shipping cargo.
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