Jefferies Maintains Hold Rating for ZIM Integrated Shipping: Here's What You Need To Know

Jefferies has decided to maintain its Hold rating of ZIM Integrated Shipping ZIM and lower its price target from $16.00 to $13.00.

Shares of ZIM Integrated Shipping are trading up 1.82% over the last 24 hours, at $12.31 per share.

A move to $13.00 would account for a 5.61% increase from the current share price.

About ZIM Integrated Shipping

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.