Hermes International (OTCMKTS:HESAY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.
A number of other brokerages also recently issued reports on HESAY. UBS Group downgraded shares of Hermes International from a “neutral” rating to a “sell” rating in a report on Monday, October 5th. HSBC cut shares of Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Rothschild & Co Redburn downgraded 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 Hermes International in a research report on Monday, October 5th. They set a “sell” rating for the company. Finally, Royal Bank Of Canada cut Hermes International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on HESAY
Hermes International Price Performance
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.
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