Hermes International (OTCMKTS:HESAY) Rating Lowered to Strong Sell at Zacks Research

Hermes International (OTCMKTS:HESAY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Several other research analysts also recently commented on HESAY. HSBC downgraded Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada downgraded Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Rothschild & Co Redburn lowered shares of Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. The Goldman Sachs Group began coverage on shares of Hermes International in a research note on Monday, October 5th. They set a “sell” rating on the stock. 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hermes International has a consensus rating of “Hold”.

Hermes International Trading Up 1.0%

OTCMKTS HESAY opened at $143.94 on Monday. The business’s fifty day moving average is $166.58 and its 200 day moving average is $181.79. Hermes International has a fifty-two week low of $140.93 and a fifty-two 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.