Hermes International (OTCMKTS:HESAY) Stock Moved Down to Hold by Berenberg Bank

Hermes International (OTCMKTS:HESAY) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, Zacks reports.

A number of other brokerages have also issued reports on HESAY. Zacks Research lowered Hermes International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Rothschild & Co Redburn lowered Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. The Goldman Sachs Group initiated coverage on Hermes International in a report on Monday, October 5th. They issued a “sell” rating on the stock. Royal Bank Of Canada cut Hermes International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 18th. Finally, UBS Group downgraded shares of Hermes International from a “neutral” rating to a “sell” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hermes International Stock Down 4.2%

Shares of OTCMKTS:HESAY opened at $138.06 on Friday. The business has a fifty day simple moving average of $160.47 and a 200-day simple moving average of $179.49. Hermes International has a 52 week low of $137.40 and a 52 week high of $265.89.

Hermes International Company Profile

Hermès International is a French luxury-goods company headquartered in Paris. Founded in 1837 by Thierry Hermès as a harness workshop, the company has evolved into a global manufacturer and retailer of high-end products while retaining a strong focus on craftsmanship, quality and long-term brand heritage.

Hermès designs and sells leather goods and saddlery, including handbags, luggage and equestrian equipment. Its other product categories include silk and textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes and beauty products, watches, jewelry, and home furnishings.