H & M Hennes & Mauritz (STO:HM.B) PT Set at SEK 150 by Royal Bank of Canada

H & M Hennes & Mauritz (STO:HM.B) received a SEK 150 price objective from research analysts at Royal Bank of Canada in a report issued on Monday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.70% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein set a SEK 100 target price on H & M Hennes & Mauritz and gave the company a “sell” rating in a research note on Thursday, March 26th. UBS Group set a SEK 122.20 price objective on H & M Hennes & Mauritz and gave the company a “neutral” rating in a research note on Monday, June 15th. Goldman Sachs Group set a SEK 115 price objective on H & M Hennes & Mauritz and gave the company a “sell” rating in a research note on Friday, June 26th. Credit Suisse Group set a SEK 132 price objective on H & M Hennes & Mauritz and gave the company a “sell” rating in a research note on Friday, June 26th. Finally, Morgan Stanley set a SEK 90 price objective on H & M Hennes & Mauritz and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of SEK 146.67.

HM.B opened at SEK 135.50 on Monday. The business has a 50 day moving average of SEK 141.32 and a 200-day moving average of SEK 162.76. H & M Hennes & Mauritz has a 52 week low of SEK 129.22 and a 52 week high of SEK 245.80.

About H & M Hennes & Mauritz

H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles.

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Analyst Recommendations for H & M Hennes & Mauritz (STO:HM.B)

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