Full steam ahead for Maersk shares - The Post

Full steam ahead for Maersk shares

On the back of Q1 report, shares reach highest price since 2007

May 26th, 2014 1:09 pm| by admin

Maersk shares have been performing extremely well since the publication of the company’s first quarter results on Tuesday of last week.

READ MORE: Maersk in strong first quarter showing

Børsen business newspaper reports that the quarterly report led to Maersk B shares reaching their highest level since November 2007. By the end of the week they were trading at 14,000 kroner per share, representing an increase of 6 percent that week and 20 percent since the start of the year.

A number of analysts expect even more of the company in the future and have raised their targets for Maersk shares.

AP Møller Mærsk has two publicly traded share categories, Maersk A and Maersk B, in the Danish top-performing C20 index. Maersk A shares trade for less but, unlike B shares, carry voting rights.

As of midday on Monday, the B shares were trading at 14,070 kroner.