Hapag-Lloyd (ETR:HLAG) received a €31.00 ($38.27) target price from equities researchers at Goldman Sachs in a research report issued to clients and investors on Tuesday, April 10th. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs’ price objective would indicate a potential downside of 11.17% from the stock’s previous close.
HLAG has been the topic of a number of other research reports. Hauck & Aufhaeuser set a €50.00 ($61.73) price target on Hapag-Lloyd and gave the company a “buy” rating in a research report on Tuesday, January 9th. UBS set a €31.70 ($39.14) price target on Hapag-Lloyd and gave the company a “sell” rating in a research report on Friday, January 26th. Commerzbank set a €46.00 ($56.79) price objective on Hapag-Lloyd and gave the company a “buy” rating in a research note on Thursday, February 22nd. Deutsche Bank reiterated a “buy” rating on shares of Hapag-Lloyd in a research note on Thursday, March 1st. Finally, Berenberg Bank set a €36.00 ($44.44) price objective on Hapag-Lloyd and gave the company a “buy” rating in a research note on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Hapag-Lloyd presently has a consensus rating of “Buy” and an average price target of €38.97 ($48.11).
Shares of ETR HLAG traded up €0.50 ($0.62) during trading on Tuesday, reaching €34.90 ($43.09). 48,980 shares of the stock traded hands, compared to its average volume of 88,256. Hapag-Lloyd has a 52-week low of €24.81 ($30.63) and a 52-week high of €40.20 ($49.63).
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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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