Hapag-Lloyd (HLAG) Given a €31.00 Price Target by Berenberg Bank Analysts

Hapag-Lloyd (HLAG) Given a €31.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €31.00 ($36.05) price objective on Hapag-Lloyd (ETR:HLAG) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on HLAG. HSBC set a €27.60 ($32.09) target price on shares of Hapag-Lloyd and gave the company a neutral rating in a research report on Wednesday, April 3rd. Goldman Sachs Group set a €29.00 ($33.72) target price on shares of Hapag-Lloyd and gave the company a neutral rating in a research report on Monday, April 1st. Kepler Capital Markets set a €36.00 ($41.86) target price on shares of Hapag-Lloyd and gave the company a buy rating in a research report on Monday, May 6th. Jefferies Financial Group set a €40.00 ($46.51) target price on shares of Hapag-Lloyd and gave the company a buy rating in a research report on Thursday, May 2nd. Finally, UBS Group set a €23.80 ($27.67) target price on shares of Hapag-Lloyd and gave the company a neutral rating in a research report on Monday, February 25th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hapag-Lloyd has a consensus rating of Buy and an average target price of €33.79 ($39.29).

ETR:HLAG opened at €25.15 ($29.24) on Wednesday. The company has a market cap of $4.40 billion and a price-to-earnings ratio of 26.53. 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 has a fifty-two week low of €21.04 ($24.47) and a fifty-two week high of €38.20 ($44.42).

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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