Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY) receives consensus price target of $161.50 from analysts

Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY – Get Rating) has been awarded a consensus recommendation of “Reduce” by the seven rating companies that currently cover the business, reports MarketBeat Ratings. Three research analysts rated the stock with a sell rating and two gave the company a hold rating. The 1-year average price target among brokers who have reported on the stock in the past year is $161.50.

HPGLY has been the subject of several analyst reports. Citigroup downgraded shares of Hapag-Lloyd Aktiengesellschaft from a “neutral” rating to a “sell” rating in a research note on Tuesday. HSBC upgraded the shares of Hapag-Lloyd Aktiengesellschaft from a “reduce” rating to a “maintain” rating in a research note on Friday July 29. 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 . Morgan Stanley downgraded shares of Hapag-Lloyd Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a Friday July 15 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.

Hapag-Lloyd Aktiengesellschaft Price performance

Shares of OTCMKTS HPGLY opened at $145.52 on Tuesday. Hapag-Lloyd Aktiengesellschaft has a fifty-two week minimum of $100.34 and a fifty-two week maximum of $237.87. The company has a 50-day simple moving average of $147.88 and a two-hundred-day simple moving average of $167.31.

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

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