Hapag-Lloyd (HLAG) Given a €34.00 Price Target at Berenberg Bank

Berenberg Bank set a €34.00 ($39.53) target price on Hapag-Lloyd (ETR:HLAG) in a report released on Thursday morning. The firm currently has a neutral rating on the stock.

HLAG has been the subject of a number of other research reports. Hauck & Aufhaeuser set a €42.00 ($48.84) price objective on shares of Hapag-Lloyd and gave the company a buy rating in a report on Monday. Goldman Sachs Group set a €30.00 ($34.88) price objective on shares of Hapag-Lloyd and gave the company a neutral rating in a report on Monday, July 30th. Morgan Stanley set a €40.00 ($46.51) price objective on shares of Hapag-Lloyd and gave the company a neutral rating in a report on Friday, September 21st. HSBC set a €31.00 ($36.05) price objective on shares of Hapag-Lloyd and gave the company a neutral rating in a report on Tuesday, August 14th. Finally, UBS Group set a €31.70 ($36.86) price objective on shares of Hapag-Lloyd and gave the company a sell rating in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of €34.76 ($40.42).

ETR HLAG traded down €1.70 ($1.98) during trading on Thursday, reaching €30.74 ($35.74). 25,300 shares of the stock traded hands, compared to its average volume of 88,256. Hapag-Lloyd has a fifty-two week low of €24.81 ($28.85) and a fifty-two week high of €40.20 ($46.74).

About Hapag-Lloyd

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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