The Goldman Sachs Group Cuts Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Price Target to €130.00

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) had its price target cut by The Goldman Sachs Group from €149.00 ($152.04) to €130.00 ($132.65) in a research note released on Tuesday, The Fly reports. They currently have a sell rating on the stock. The analysts noted that the move was a valuation call.

HPGLY has been the subject of a number of other reports. HSBC upgraded Hapag-Lloyd Aktiengesellschaft from a reduce rating to a hold rating in a report on Friday, July 29th. Citigroup downgraded Hapag-Lloyd Aktiengesellschaft from a neutral rating to a sell rating in a report on Tuesday, August 23rd. JPMorgan Chase & Co. dropped their price objective on Hapag-Lloyd Aktiengesellschaft from €190.00 ($193.88) to €155.00 ($158.16) and set an underweight rating for the company in a report on Friday, September 16th. Finally, Morgan Stanley downgraded Hapag-Lloyd Aktiengesellschaft from an equal weight rating to an underweight rating in a report on Friday, July 15th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to, Hapag-Lloyd Aktiengesellschaft currently has a consensus rating of Reduce and an average target price of $191.25.

Hapag-Lloyd Aktiengesellschaft Stock Performance

Shares of HPGLY opened at $96.67 on Tuesday. The stock has a fifty day moving average of $139.41 and a two-hundred day moving average of $162.76. Hapag-Lloyd Aktiengesellschaft has a fifty-two week low of $93.21 and a fifty-two week high of $237.87.

Hapag-Lloyd Aktiengesellschaft Company Profile

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Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. 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 covering pharmaceuticals. The company also offers bilateral EDI, a directly connected electronic data interchange; operates an e-commerce portal that provides real-time access to transport data, as well as services to manage customer's supply chain data and connect to their carriers through one interface;mobile app that allows to manage shipping process; and provides e-mail and security information services.

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