Goldman Sachs Group set a €28.60 ($33.26) price objective on Hapag-Lloyd (ETR:HLAG) in a research report report published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also recently commented on the company. Jefferies Financial Group set a €40.00 ($46.51) target price on Hapag-Lloyd and gave the company a buy rating in a report on Monday, March 4th. HSBC set a €27.60 ($32.09) target price on Hapag-Lloyd and gave the company a neutral rating in a report on Wednesday, April 3rd. Kepler Capital Markets set a €29.00 ($33.72) target price on Hapag-Lloyd and gave the company a buy rating in a report on Tuesday, January 29th. Berenberg Bank set a €31.00 ($36.05) target price on Hapag-Lloyd and gave the company a buy rating in a report on Friday, March 22nd. Finally, UBS Group set a €23.80 ($27.67) target price on Hapag-Lloyd and gave the company a neutral rating in a report on Monday, February 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hapag-Lloyd has a consensus rating of Buy and a consensus target price of €33.76 ($39.26).
Shares of Hapag-Lloyd stock traded down €0.65 ($0.76) during mid-day trading on Thursday, reaching €24.85 ($28.90). 40,137 shares of the stock traded hands, compared to its average volume of 88,256. Hapag-Lloyd has a fifty-two week low of €21.04 ($24.47) and a fifty-two week high of €38.20 ($44.42). The stock has a market capitalization of $4.37 billion and a P/E ratio of 26.21. The company has a debt-to-equity ratio of 108.16, a current ratio of 0.64 and a quick ratio of 0.48.
Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. The company engages in the shipping of containers by sea; and provision of door to door transportation services. 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 comprising pharmaceuticals.
Further Reading: Beige Book
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