Hermes International SA – Unsponsored ADR (HESAY) – What Are Investment Firms Thinking About This Stock?

Shares of Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several analysts recently commented on the company. Zacks Research lowered Hermes International from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Rothschild & Co Redburn downgraded Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. The Goldman Sachs Group assumed coverage on Hermes International in a research report on Monday, October 5th. They issued a “sell” rating on the stock. HSBC lowered Hermes International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, UBS Group cut shares of Hermes International from a “neutral” rating to a “sell” rating in a research note on Monday, October 5th.

Hermes International Trading Up 0.9%

Shares of OTCMKTS HESAY opened at $150.37 on Wednesday. The business’s 50 day moving average price is $162.74 and its 200 day moving average price is $180.40. Hermes International has a 52 week low of $140.93 and a 52 week high of $265.89.

About Hermes International

Hermès International is a French luxury-goods company headquartered in Paris. Founded in 1837 by Thierry Hermès as a harness workshop, the company has evolved into a global manufacturer and retailer of high-end products while retaining a strong focus on craftsmanship, quality and long-term brand heritage.

Hermès designs and sells leather goods and saddlery, including handbags, luggage and equestrian equipment. Its other product categories include silk and textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes and beauty products, watches, jewelry, and home furnishings.