Hapag-Lloyd (ETR:HLAG) has been given a €30.00 ($34.88) price target by research analysts at Goldman Sachs Group in a research note issued on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Goldman Sachs Group’s price target indicates a potential downside of 53.20% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Warburg Research set a €34.00 ($39.53) price objective on Hapag-Lloyd and gave the company a “sell” rating in a report on Monday, August 12th. Berenberg Bank set a €37.00 ($43.02) price objective on Hapag-Lloyd and gave the company a “neutral” rating in a report on Friday, August 30th. HSBC set a €25.20 ($29.30) price objective on Hapag-Lloyd and gave the company a “sell” rating in a report on Tuesday, October 1st. Deutsche Bank set a €28.00 ($32.56) price objective on Hapag-Lloyd and gave the company a “neutral” rating in a report on Friday, June 28th. Finally, Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd and gave the company a “sell” rating in a report on Monday, September 9th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Hapag-Lloyd presently has a consensus rating of “Hold” and a consensus price target of €34.63 ($40.26).
HLAG opened at €64.10 ($74.53) on Monday. The company has a market capitalization of $11.27 billion and a P/E ratio of 39.86. The firm’s fifty day moving average price is €63.11 and its two-hundred day moving average price is €42.72. Hapag-Lloyd has a fifty-two week low of €21.04 ($24.47) and a fifty-two week high of €71.00 ($82.56). The company has a debt-to-equity ratio of 105.51, a current ratio of 0.61 and a quick ratio of 0.45.
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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