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

Berenberg Bank lowered shares of Hermes International (OTCMKTS:HESAY) from a strong-buy rating to a hold rating in a research note published on Friday,Zacks reports.

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

Hermes International Stock Down 4.2%

OTCMKTS:HESAY opened at $138.06 on Friday. The stock has a 50 day moving average of $160.47 and a 200-day 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.