Hermes International (OTCMKTS:HESAY) Cut to Sell at UBS Group

UBS Group lowered shares of Hermes International (OTCMKTS:HESAY) from a neutral rating to a sell rating in a report released on Monday morning, MarketBeat Ratings reports.

Several other analysts have also recently commented on the stock. Rothschild & Co Redburn cut shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Royal Bank Of Canada cut shares of Hermes International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 18th. Zacks Research upgraded shares of Hermes International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, HSBC lowered shares of Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Hermes International Trading Up 0.2%

Shares of OTCMKTS HESAY opened at $143.40 on Monday. The business’s 50 day moving average price is $169.41 and its 200 day moving average price is $183.14. Hermes International has a 52 week low of $141.15 and a 52 week high of $265.89.

About Hermes International

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.