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

Shares of Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY – Get Rating) have earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $190.25.

A number of research firms have recently issued reports on HPGLY. Morgan Stanley lifted their price objective on shares of Hapag-Lloyd Aktiengesellschaft from €305.00 ($321.05) to €330.00 ($347.37) in a research note on Sunday, May 15th. Deutsche Bank Aktiengesellschaft lowered shares of Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Cheuvreux lowered shares of Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “reduce” rating in a research note on Friday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of 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, May 13th. Finally, Berenberg Bank lifted their price objective on shares of Hapag-Lloyd Aktiengesellschaft from €120.00 ($126.32) to €150.00 ($157.89) in a research note on Monday, March 14th.

HPGLY opened at $140.64 on Wednesday. The company’s 50 day simple moving average is $189.18 and its 200 day simple moving average is $165.45. Hapag-Lloyd Aktiengesellschaft has a 1 year low of $100.34 and a 1 year high of $237.87.

About Hapag-Lloyd Aktiengesellschaft (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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