Hermes International (OTCMKTS:HESAY) Rating Lowered to Hold at Rothschild & Co Redburn

Hermes International (OTCMKTS:HESAY) was downgraded by analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other analysts also recently commented on HESAY. HSBC downgraded shares of Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Hermes International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered Hermes International from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hermes International Price Performance

OTCMKTS:HESAY opened at $146.29 on Thursday. The company’s 50-day moving average price is $171.95 and its 200-day moving average price is $184.73. Hermes International has a twelve month low of $143.70 and a twelve month 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.