Cheuvreux retrogrades Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY) to reduce

Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY – Get Rating) was downgraded by Cheuvreux from a “buy” rating to a “reduce” rating in a report released on Friday, reports The Fly.

HPGLY has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered its price target on Hapag-Lloyd Aktiengesellschaft from €167.00 ($175.79) to €165.00 ($173.68) in a Monday, March 14 research note. Berenberg Bank raised its price target on Hapag-Lloyd Aktiengesellschaft from €120.00 ($126.32) to €150.00 ($157.89) in a Monday, March 14 research note. Finally, Deutsche Bank Aktiengesellschaft downgraded Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “hold” rating in a Tuesday, March 29 research note. Two investment analysts gave the stock a sell rating and four gave the company a hold rating. According to, the company has an average rating of “Hold” and an average target price of $141.67.

Shares of OTCMKTS HPGLY opened at $220.00 on Friday. Hapag-Lloyd Aktiengesellschaft has a 1 year minimum of $80.05 and a 1 year maximum of $220.00. The company’s 50-day moving average is $178.26 and its 200-day moving average is $150.94.

Company Profile Hapag-Lloyd Aktiengesellschaft (Get an evaluation)

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. Its fleets of vessels and containers are used to transport general and special cargo, various dangerous goods and coffee, as well as refrigerated cargo covering pharmaceuticals. The company also offers two-way EDI, a directly connected electronic data interchange; operates an e-commerce portal that provides real-time access to transportation data, as well as services to manage customers’ supply chain data and connect to their carriers through a single interface; mobile application that helps manage the shipping process; and provides e-mail and security information services.

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