Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY) lifted to “hold” at HSBC

Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY – Get Rating) was upgraded by HSBC equity researchers from a “reduce” rating to a “hold” rating in a research report released on Friday, reports The Fly.

Several other equity research analysts also weighed in on HPGLY. Morgan Stanley downgraded shares of Hapag-Lloyd Aktiengesellschaft from a “weighted” rating to an “underweight” rating in a Friday July 15 research note. JPMorgan Chase & Co. raised its price target on shares of Hapag-Lloyd Aktiengesellschaft from €171.00 ($174.49) to €173.00 ($176.53) in a Friday July 1 research note . Finally, Cheuvreux downgraded shares of Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “reduce” rating in a Friday, May 13 research note. Three analysts rated the stock with a sell rating and two gave the company a hold rating. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $217.67.

Hapag-Lloyd Aktiengesellschaft Stock up 15.2%

Shares of HPGLY opened at $170.22 on Friday. Hapag-Lloyd Aktiengesellschaft has a one-year low of $100.34 and a one-year high of $237.87. The company’s 50-day simple moving average is $157.22 and its 200-day simple moving average is $165.01.

About Hapag-Lloyd Aktiengesellschaft

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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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