Hapag-Lloyd (ETR:HLAG) Given a €31.00 Price Target by Berenberg Bank Analysts

Hapag-Lloyd (ETR:HLAG) has been assigned a €31.00 ($36.05) price target by equities researchers at Berenberg Bank in a report released on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 4.02% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group set a €40.00 ($46.51) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, March 22nd. Kepler Capital Markets set a €29.00 ($33.72) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, March 22nd. Warburg Research set a €29.00 ($33.72) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Tuesday, February 26th. Finally, HSBC set a €27.60 ($32.09) price target on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €33.69 ($39.17).

ETR HLAG opened at €32.30 ($37.56) on Thursday. Hapag-Lloyd has a fifty-two week low of €21.04 ($24.47) and a fifty-two week high of €38.20 ($44.42). The firm has a market capitalization of $5.65 billion and a PE ratio of 34.22. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 108.40.

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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