Goldman Sachs Group Analysts Give Hapag-Lloyd (ETR:HLAG) a €30.00 Price Target

Hapag-Lloyd (ETR:HLAG) has been given a €30.00 ($34.88) price objective by research analysts at Goldman Sachs Group in a research note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective indicates a potential downside of 53.20% from the stock’s current price.

Several other equities analysts have also issued reports on HLAG. Warburg Research set a €34.00 ($39.53) price objective on Hapag-Lloyd and gave the company a “sell” rating in a research report on Monday, August 12th. Deutsche Bank set a €28.00 ($32.56) price objective on Hapag-Lloyd and gave the company a “neutral” rating in a research report on Friday, June 28th. Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd and gave the company a “sell” rating in a research report on Monday, September 9th. Berenberg Bank set a €37.00 ($43.02) price objective on Hapag-Lloyd and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, HSBC set a €25.20 ($29.30) price objective on Hapag-Lloyd and gave the company a “sell” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of €34.63 ($40.26).

Shares of HLAG opened at €64.10 ($74.53) on Monday. The company has a debt-to-equity ratio of 105.51, a quick ratio of 0.45 and a current ratio of 0.61. The stock has a 50 day simple moving average of €63.11 and a 200 day simple moving average of €42.72. Hapag-Lloyd has a 52-week low of €21.04 ($24.47) and a 52-week high of €71.00 ($82.56). The firm has a market capitalization of $11.27 billion and a PE ratio of 39.86.

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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Analyst Recommendations for Hapag-Lloyd (ETR:HLAG)

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