Hapag-Lloyd (HLAG) Given a €39.00 Price Target by Morgan Stanley Analysts

Hapag-Lloyd (ETR:HLAG) has been assigned a €39.00 ($45.35) target price by stock analysts at Morgan Stanley in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 26.87% from the stock’s current price.

Several other analysts have also commented on HLAG. Goldman Sachs Group set a €30.00 ($34.88) price objective on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a report on Thursday, July 12th. Hauck & Aufhaeuser set a €42.00 ($48.84) price objective on shares of Hapag-Lloyd and gave the stock a “buy” rating in a report on Wednesday, August 8th. Kepler Capital Markets set a €38.00 ($44.19) price objective on shares of Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, August 10th. Jefferies Financial Group set a €40.00 ($46.51) price objective on shares of Hapag-Lloyd and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Berenberg Bank set a €34.00 ($39.53) price objective on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €34.76 ($40.42).

Shares of HLAG opened at €30.74 ($35.74) on Friday. Hapag-Lloyd has a one year low of €24.81 ($28.85) and a one year high of €40.20 ($46.74).

Hapag-Lloyd Company Profile

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.

Further Reading: What does cost of debt say about a company’s financial health?

Analyst Recommendations for Hapag-Lloyd (ETR:HLAG)

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