Brokerages Set Hapag-Lloyd AG (HLAG) Price Target at $33.79

Hapag-Lloyd AG (ETR:HLAG) has been given an average recommendation of “Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is €33.79 ($39.29).

Several equities research analysts have recently commented on HLAG shares. Berenberg Bank set a €31.00 ($36.05) price objective on Hapag-Lloyd and gave the company a “buy” rating in a report on Wednesday. Kepler Capital Markets set a €29.00 ($33.72) price objective on Hapag-Lloyd and gave the company a “buy” rating in a report on Friday, March 22nd. HSBC set a €27.60 ($32.09) price objective on Hapag-Lloyd and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Deutsche Bank set a €26.00 ($30.23) price target on Hapag-Lloyd and gave the stock a “neutral” rating in a report on Tuesday, January 15th. Finally, Warburg Research set a €29.00 ($33.72) price target on Hapag-Lloyd and gave the stock a “buy” rating in a report on Monday, February 18th.

ETR HLAG opened at €25.15 ($29.24) on Friday. The company has a market cap of $4.42 billion and a PE ratio of 26.53. Hapag-Lloyd has a 52 week low of €21.04 ($24.47) and a 52 week high of €38.20 ($44.42). The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 108.16.

About Hapag-Lloyd

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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