Hapag-Lloyd AG (ETR:HLAG) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is €39.42 ($48.67).
HLAG has been the subject of a number of recent analyst reports. Kepler Capital Markets set a €42.00 ($51.85) price target on shares of Hapag-Lloyd and gave the company a “buy” rating in a research note on Friday, January 19th. Berenberg Bank set a €40.00 ($49.38) price target on shares of Hapag-Lloyd and gave the company a “buy” rating in a research note on Tuesday, October 31st. UBS Group set a €31.70 ($39.14) target price on shares of Hapag-Lloyd and gave the stock a “sell” rating in a research note on Friday, January 26th. Commerzbank set a €46.00 ($56.79) target price on shares of Hapag-Lloyd and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Deutsche Bank restated a “buy” rating on shares of Hapag-Lloyd in a research note on Friday, January 19th.
Shares of Hapag-Lloyd (ETR:HLAG) traded up €1.28 ($1.58) during mid-day trading on Wednesday, reaching €32.28 ($39.85). 46,593 shares of the company’s stock were exchanged, compared to its average volume of 116,434. The firm has a market capitalization of $5,670.00 and a PE ratio of 134.50. Hapag-Lloyd has a 12-month low of €24.81 ($30.63) and a 12-month high of €40.20 ($49.63).
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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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