Goldman Sachs Group set a €30.00 ($34.88) price objective on Hapag-Lloyd (ETR:HLAG) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other research analysts also recently issued reports on the company. HSBC set a €25.20 ($29.30) price target on Hapag-Lloyd and gave the company a sell rating in a report on Tuesday, October 1st. Warburg Research set a €34.00 ($39.53) price target on Hapag-Lloyd and gave the company a sell rating in a report on Monday, August 12th. Jefferies Financial Group set a €40.00 ($46.51) price target on Hapag-Lloyd and gave the company a sell rating in a report on Monday, September 9th. Finally, Berenberg Bank set a €37.00 ($43.02) price target on Hapag-Lloyd and gave the company a neutral rating in a report on Thursday. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €33.72 ($39.21).
Shares of ETR:HLAG traded up €4.50 ($5.23) on Thursday, reaching €77.80 ($90.47). The company had a trading volume of 50,270 shares, compared to its average volume of 88,256. Hapag-Lloyd has a 52-week low of €21.04 ($24.47) and a 52-week high of €78.10 ($90.81). The firm’s 50 day simple moving average is €64.20 and its 200-day simple moving average is €47.33. The firm has a market capitalization of $12.88 billion and a PE ratio of 42.84. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 100.64.
Hapag-Lloyd Company Profile
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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