The Goldman Sachs Group initiated coverage on shares of Hermes International (OTCMKTS:HESAY – Free Report) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a sell rating on the stock.
Several other research firms have also commented on HESAY. UBS Group lowered Hermes International from a “neutral” rating to a “sell” rating in a research report on Monday. HSBC downgraded Hermes International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. 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. Finally, Rothschild & Co Redburn cut shares of Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
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Hermes International Stock Up 0.2%
About Hermes International
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.
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