Hapag-Lloyd AG (ETR:HLAG) has received an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is €35.22 ($40.96).
HLAG has been the subject of several analyst reports. Goldman Sachs Group set a €31.00 ($36.05) target price on shares of Hapag-Lloyd and gave the company a “neutral” rating in a report on Wednesday, September 19th. Morgan Stanley set a €40.00 ($46.51) target price on shares of Hapag-Lloyd and gave the company a “neutral” rating in a report on Friday, September 21st. Citigroup set a €43.00 ($50.00) target price on shares of Hapag-Lloyd and gave the company a “buy” rating in a report on Tuesday, September 4th. Hauck & Aufhaeuser set a €42.00 ($48.84) price objective on shares of Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, Berenberg Bank set a €34.00 ($39.53) price objective on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a report on Friday, August 10th.
Shares of HLAG stock traded down €0.62 ($0.72) on Monday, hitting €31.48 ($36.60). The stock had a trading volume of 18,497 shares, compared to its average volume of 88,256. Hapag-Lloyd has a 12-month low of €24.81 ($28.85) and a 12-month high of €40.20 ($46.74).
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.
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