Hermes International (OTCMKTS:HESAY) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Hermes International (OTCMKTS:HESAY) from a hold rating to a strong sell rating in a report issued on Monday,Zacks reports.

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

Hermes International Stock Performance

HESAY opened at $143.94 on Monday. The business has a 50 day moving average of $166.58 and a 200-day moving average of $181.79. Hermes International has a 52 week low of $140.93 and a 52 week high of $265.89.

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.