Hapag-Lloyd AG (HLAG) Earns Neutral Rating from BNP Paribas
Hapag-Lloyd AG (ETR:HLAG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued on Wednesday, July 12th.
Other equities analysts have also recently issued research reports about the company. Hauck & Aufhaeuser set a €37.20 ($43.76) price target on Hapag-Lloyd AG and gave the company a “buy” rating in a research report on Thursday, June 29th. Jefferies Group LLC set a €35.00 ($41.18) price target on Hapag-Lloyd AG and gave the company a “buy” rating in a research report on Wednesday, June 14th. Warburg Research set a €34.00 ($40.00) price target on Hapag-Lloyd AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Goldman Sachs Group Inc set a €22.30 ($26.24) price objective on Hapag-Lloyd AG and gave the company a “neutral” rating in a report on Monday, May 29th. Finally, HSBC Holdings plc set a €22.00 ($25.88) price objective on Hapag-Lloyd AG and gave the company a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €33.09 ($38.93).
Hapag-Lloyd AG (ETR HLAG) opened at 33.696 on Wednesday. The firm has a 50-day moving average price of €29.61 and a 200-day moving average price of €28.21. The company’s market cap is €3.98 billion. Hapag-Lloyd AG has a 12-month low of €15.78 and a 12-month high of €35.11.
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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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