Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) have been given an average rating of “Reduce” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $152.50.

Several brokerages have commented on HPGLY. Morgan Stanley lowered shares of Hapag-Lloyd Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research note on Friday, July 15th. HSBC raised Hapag-Lloyd Aktiengesellschaft from a “reduce” rating to a “hold” rating in a report on Friday, July 29th. Citigroup downgraded Hapag-Lloyd Aktiengesellschaft from a “neutral” rating to a “sell” rating in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Hapag-Lloyd Aktiengesellschaft from €190.00 ($193.88) to €155.00 ($158.16) and set an “underweight” rating for the company in a report on Friday.

Hapag-Lloyd Aktiengesellschaft Stock Performance

OTCMKTS:HPGLY opened at $93.54 on Friday. Hapag-Lloyd Aktiengesellschaft has a 52 week low of $93.21 and a 52 week high of $237.87. The company has a fifty day simple moving average of $143.03 and a two-hundred day simple moving average of $164.05.

About Hapag-Lloyd Aktiengesellschaft

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

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