Hapag-Lloyd (HLAG) PT Set at €46.00 by Commerzbank

Commerzbank set a €46.00 ($54.76) price target on Hapag-Lloyd (ETR:HLAG) in a research note published on Thursday. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on HLAG. Berenberg Bank set a €37.00 ($44.05) price objective on shares of Hapag-Lloyd and gave the company a buy rating in a research note on Tuesday, September 19th. Goldman Sachs Group set a €32.50 ($38.69) price objective on shares of Hapag-Lloyd and gave the company a neutral rating in a research note on Thursday, September 28th. Deutsche Bank set a €41.00 ($48.81) price objective on shares of Hapag-Lloyd and gave the company a buy rating in a research note on Tuesday, October 31st. Kepler Capital Markets set a €40.00 ($47.62) price objective on shares of Hapag-Lloyd and gave the company a buy rating in a research note on Monday, November 27th. Finally, Warburg Research set a €39.00 ($46.43) price objective on shares of Hapag-Lloyd and gave the company a buy rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of €39.98 ($47.60).

Shares of Hapag-Lloyd (HLAG) traded up €1.48 ($1.76) during trading on Thursday, hitting €35.66 ($42.45). 242,912 shares of the stock were exchanged, compared to its average volume of 102,169. Hapag-Lloyd has a 12 month low of €23.63 ($28.13) and a 12 month high of €40.20 ($47.86). The stock has a market cap of $6,270.00 and a PE ratio of 148.58.

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Hapag-Lloyd Company Profile

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a container liner shipping company worldwide. The company is involved in the shipping of containers by sea. It offers dry, reefer, dangerous goods, and special cargo services, as well as coffee transport services The company owns or leases 959,249 containers with a capacity of approximately 1,576,163 TEU for shipping cargo.

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