Hapag-Lloyd (ETR:HLAG) received a €28.60 ($33.26) price objective from analysts at Goldman Sachs Group in a report issued on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 12.16% from the company’s previous close.
HLAG has been the subject of a number of other research reports. HSBC set a €27.60 ($32.09) price objective on shares of Hapag-Lloyd and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Kepler Capital Markets set a €36.00 ($41.86) target price on shares of Hapag-Lloyd and gave the stock a “buy” rating in a research note on Monday, May 6th. Jefferies Financial Group set a €40.00 ($46.51) target price on shares of Hapag-Lloyd and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Berenberg Bank set a €31.00 ($36.05) price target on shares of Hapag-Lloyd and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, UBS Group set a €23.80 ($27.67) price target on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a research report on Monday, February 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of €33.76 ($39.26).
Shares of Hapag-Lloyd stock remained flat at $€25.50 ($29.65) during trading on Thursday. 42,937 shares of the company traded hands, compared to its average volume of 88,256. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 108.16. Hapag-Lloyd has a 12-month low of €21.04 ($24.47) and a 12-month high of €38.20 ($44.42). The stock has a market capitalization of $4.42 billion and a PE ratio of 26.90.
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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