Full steam ahead for Maersk shares

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

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. 

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