Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Given Average Recommendation of “Hold” by Analysts

Shares of Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $190.25.

HPGLY has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Hapag-Lloyd Aktiengesellschaft from €305.00 ($324.47) to €330.00 ($351.06) in a research report on Sunday, May 15th. Cheuvreux cut Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “reduce” rating in a research report on Friday, May 13th. Berenberg Bank boosted their price target on Hapag-Lloyd Aktiengesellschaft from €120.00 ($127.66) to €150.00 ($159.57) 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. boosted their price target on Hapag-Lloyd Aktiengesellschaft from €170.00 ($180.85) to €171.00 ($181.91) and gave the stock an “underweight” rating in a research note on Friday, May 13th.

OTCMKTS HPGLY traded down $13.64 on Friday, hitting $200.00. 879 shares of the company’s stock were exchanged, compared to its average volume of 824. The firm’s 50-day moving average price is $193.54 and its two-hundred day moving average price is $159.45. Hapag-Lloyd Aktiengesellschaft has a fifty-two week low of $98.00 and a fifty-two week high of $237.87.

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.

Further Reading

Analyst Recommendations for Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY)

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