Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Price Target Cut to €130.00 by Analysts at The Goldman Sachs Group

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLYGet Rating) had its price objective lowered by The Goldman Sachs Group from €149.00 ($152.04) to €130.00 ($132.65) in a report released on Tuesday morning, The Fly reports. The Goldman Sachs Group currently has a sell rating on the stock. The analysts noted that the move was a valuation call.

A number of other analysts have also commented on HPGLY. Citigroup lowered Hapag-Lloyd Aktiengesellschaft from a neutral rating to a sell rating in a research note on Tuesday, August 23rd. Morgan Stanley lowered Hapag-Lloyd Aktiengesellschaft from an equal weight rating to an underweight rating in a research note on Friday, July 15th. JPMorgan Chase & Co. decreased their price objective on Hapag-Lloyd Aktiengesellschaft from €190.00 ($193.88) to €155.00 ($158.16) and set an underweight rating on the stock in a research note on Friday, September 16th. Finally, HSBC raised Hapag-Lloyd Aktiengesellschaft from a reduce rating to a hold rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Reduce and a consensus price target of $191.25.

Hapag-Lloyd Aktiengesellschaft Price Performance

HPGLY opened at $96.67 on Tuesday. Hapag-Lloyd Aktiengesellschaft has a 52 week low of $93.21 and a 52 week high of $237.87. The business’s fifty day simple moving average is $141.22 and its 200 day simple moving average is $163.49.

Hapag-Lloyd Aktiengesellschaft Company Profile

(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.

Featured Stories

The Fly logo

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

Receive News & Ratings for Hapag-Lloyd Aktiengesellschaft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hapag-Lloyd Aktiengesellschaft and related companies with MarketBeat.com's FREE daily email newsletter.