Shares in German container giant Hapag-Lloyd have reached their highest level this year following an upgrade from Warburg Research.
Hapag shares were trading up over 6% this morning to help eat into a decline that set in as stocks crashed in the final months of 2018.
It comes after Warburg bumped up Hapag-Lloyd from hold to buy amid positive commentary around a profitable first quarter.
At the time of writing, Hapag-Lloyd shares were changing hands at €26.36 ($29.86) each, a 6.29% climb this morning.
The jump came with a higher-than-average number of shares in the container line changing hands.
Hapag-Lloyd shares were trading above €30 each at the end of November.
However, following a rout of global equities in December, they briefly dipped below €22 each in early January.
