Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Stock Rating Upgraded by HSBC

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a research note issued on Friday, The Fly reports.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Hapag-Lloyd Aktiengesellschaft from €171.00 ($174.49) to €173.00 ($176.53) in a research report on Friday, July 1st. Cheuvreux cut shares of Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “reduce” rating in a research report on Friday, May 13th. Finally, Morgan Stanley cut shares of Hapag-Lloyd Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $217.67.

Hapag-Lloyd Aktiengesellschaft Stock Performance

Shares of HPGLY opened at $170.22 on Friday. The company has a 50-day moving average of $157.22 and a two-hundred day moving average of $165.01. Hapag-Lloyd Aktiengesellschaft has a 12-month low of $100.34 and a 12-month 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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Analyst Recommendations for Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY)

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