UBS has reiterated its 'Sell' rating for Hapag-Lloyd, with a price target of 106 euros, in light of the company's recent quarterly results and positive outlook.

Analyst Cristian Nedelcu highlighted the potential for improvement in average market estimates, although many investors' expectations were already in line with the upper limits of the previous target ranges.

Hapag-Lloyd shares are currently trading at around 167.80 euros, representing a 2.76% increase from the previous day. The stock has experienced fluctuations across different trading platforms, with prices ranging from 162.50 euros in Hanover to 177.00 dollars on Nasdaq OTC. The company's highest price in the past year was 189.30 euros, while the lowest was 103.50 euros.