Jefferies Financial Group Reiterates “€40.00” Price Target for Hapag-Lloyd (ETR:HLAG)

Jefferies Financial Group set a €40.00 ($46.51) price objective on Hapag-Lloyd (ETR:HLAG) in a report issued on Friday, March 22nd, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on HLAG. Commerzbank set a €37.50 ($43.60) price target on shares of Hapag-Lloyd and gave the company a buy rating in a research note on Thursday, November 22nd. Warburg Research set a €29.00 ($33.72) target price on shares of Hapag-Lloyd and gave the stock a neutral rating in a research report on Friday, November 23rd. UBS Group set a €23.80 ($27.67) target price on shares of Hapag-Lloyd and gave the stock a neutral rating in a research report on Thursday, January 3rd. Deutsche Bank set a €26.00 ($30.23) target price on shares of Hapag-Lloyd and gave the stock a neutral rating in a research report on Tuesday, January 15th. Finally, HSBC set a €24.00 ($27.91) target price on shares of Hapag-Lloyd and gave the stock a neutral rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Hapag-Lloyd presently has a consensus rating of Hold and a consensus price target of €32.17 ($37.40).

HLAG traded down €0.90 ($1.05) on Friday, reaching €27.40 ($31.86). The company had a trading volume of 23,214 shares, compared to its average volume of 88,256. 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 cap of $4.84 billion and a P/E ratio of 131.10. The company has a debt-to-equity ratio of 96.14, a quick ratio of 0.59 and a current ratio of 0.73.

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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