DHL Group (OTCMKTS:DHLGY) Shares Gap Up – Here’s What Happened

Shares of DHL Group Sponsored ADR (OTCMKTS:DHLGY) gapped up before the market opened on Friday . The stock had previously closed at $28.97, but opened at $29.90. DHL Group shares last traded at $29.89, with a volume of 21,963 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHLGY. Kepler Capital Markets raised shares of DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Barclays reiterated an “overweight” rating on shares of DHL Group in a research report on Tuesday, June 16th. Citigroup reissued a “buy” rating on shares of DHL Group in a research note on Friday, May 8th. Zacks Research raised DHL Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded DHL Group from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

DHL Group Stock Down 0.5%

The company’s fifty day simple moving average is $28.89 and its 200 day simple moving average is $43.68. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $66.77 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21.

DHL Group Company Profile

DHL Group (OTCMKTS: DHLGY) is the international logistics and postal services business of Deutsche Post DHL Group, headquartered in Bonn, Germany. The company operates a global network that serves corporate and individual customers with a range of logistics solutions spanning domestic and international mail and parcel services, express courier operations, freight forwarding, contract logistics and supply chain management. It offers services to e-commerce retailers, manufacturers, healthcare and automotive companies, among other industries.

Its principal operating activities are organized across distinct logistics businesses including express courier services for time?sensitive international shipments, global forwarding and freight for air, ocean and road transport, contract logistics for warehousing and distribution, e?commerce fulfillment solutions, and national postal and parcel operations in Germany.