Hermes International (OTCMKTS:HESAY) Stock Rating Lowered by Zacks Research

Hermes International (OTCMKTS:HESAY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada cut Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Rothschild & Co Redburn lowered Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. UBS Group cut Hermes International from a “neutral” rating to a “sell” rating in a research note on Monday, October 5th. HSBC downgraded Hermes International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group began coverage on Hermes International in a research report on Monday, October 5th. They set a “sell” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Hermes International currently has a consensus rating of “Hold”.

Hermes International Trading Up 1.0%

Shares of OTCMKTS HESAY opened at $143.94 on Monday. Hermes International has a 12-month low of $140.93 and a 12-month high of $265.89. The business’s fifty day simple moving average is $166.58 and its 200-day simple moving average is $181.79.

Hermes International Company Profile

Hermès International is a French luxury-goods company known for its craftsmanship, distinctive design and long-standing heritage. The business was founded in Paris in 1837 by Thierry Hermès as a harness and saddlery workshop, and it has evolved into a global luxury brand while retaining a strong connection to artisanal production.

The company offers a broad range of products, including leather goods and saddlery, silk and textiles, ready-to-wear clothing, footwear, fashion accessories, jewelry, watches, fragrances, beauty products and home furnishings.