Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Average Recommendation of “Hold” by Brokerages

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have commented on the company. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Citigroup raised shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th.

Hennes & Mauritz Price Performance

HNNMY stock opened at $3.81 on Friday. The stock has a market capitalization of $26.87 billion, a price-to-earnings ratio of 27.22 and a beta of 1.20. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.16. Hennes & Mauritz has a 52-week low of $2.37 and a 52-week high of $4.17. The stock’s fifty day simple moving average is $3.81 and its 200-day simple moving average is $3.42.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.