Warburg Research Analysts Give Hapag-Lloyd AG (HLAG) a €40.00 Price Target

Hapag-Lloyd AG (ETR:HLAG) has been given a €40.00 ($47.06) target price by investment analysts at Warburg Research in a report released on Friday, July 14th. The firm presently has a “buy” rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank set a €37.00 ($43.53) price objective on Hapag-Lloyd AG and gave the company a “buy” rating in a research note on Thursday, May 25th. Hauck & Aufhaeuser set a €37.20 ($43.76) target price on Hapag-Lloyd AG and gave the company a “buy” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) set a €30.00 ($35.29) target price on Hapag-Lloyd AG and gave the company a “neutral” rating in a report on Monday, July 10th. BNP Paribas reissued a “neutral” rating on shares of Hapag-Lloyd AG in a report on Wednesday, July 12th. Finally, HSBC Holdings plc set a €22.00 ($25.88) target price on Hapag-Lloyd AG and gave the company a “sell” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Hapag-Lloyd AG currently has a consensus rating of “Hold” and a consensus target price of €33.09 ($38.93).

Hapag-Lloyd AG (ETR:HLAG) traded down 0.44% during mid-day trading on Friday, reaching €33.75. 1,424 shares of the company’s stock traded hands. The stock has a 50 day moving average of €31.26 and a 200 day moving average of €28.55. Hapag-Lloyd AG has a 12-month low of €15.78 and a 12-month high of €35.11. The company’s market cap is €3.99 billion.

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Hapag-Lloyd AG Company Profile

Hapag Lloyd AG is a Germany-based company primarily engaged in the marine freight and logistics sector. The Company focuses on providing liner services between all continents. Its fleet comprises container vessels with capacity up to 10,500 twenty-foot equivalent units (TEU). Its products and services include e-business solutions, security information services, special cargo services, reefer solutions, customs clearance, as well as US flag services, among others.

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