Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Price Target Raised to €330.00 at Morgan Stanley

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) had its price objective increased by research analysts at Morgan Stanley from €305.00 ($321.05) to €330.00 ($347.37) in a note issued to investors on Sunday, The Fly reports.

Several other equities analysts have also recently issued reports on HPGLY. Cheuvreux cut Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “reduce” rating in a report on Friday. Berenberg Bank lifted their price target on Hapag-Lloyd Aktiengesellschaft from €120.00 ($126.32) to €150.00 ($157.89) in a research note on Monday, March 14th. Deutsche Bank Aktiengesellschaft lowered Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, JPMorgan Chase & Co. lifted their price target on Hapag-Lloyd Aktiengesellschaft from €170.00 ($178.95) to €171.00 ($180.00) and gave the company an “underweight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Hapag-Lloyd Aktiengesellschaft has a consensus rating of “Hold” and a consensus price target of $190.25.

Shares of HPGLY stock opened at $211.60 on Friday. The business has a 50-day simple moving average of $181.28 and a 200-day simple moving average of $152.81. Hapag-Lloyd Aktiengesellschaft has a 52-week low of $80.05 and a 52-week high of $220.00.

Hapag-Lloyd Aktiengesellschaft Company Profile (Get Rating)

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. 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 covering pharmaceuticals. The company also offers bilateral EDI, a directly connected electronic data interchange; operates an e-commerce portal that provides real-time access to transport data, as well as services to manage customer's supply chain data and connect to their carriers through one interface;mobile app that allows to manage shipping process; and provides e-mail and security information services.

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