Zacks Investment Research Upgrades Hennes & Mauritz AB (HNNMY) to “Buy”
Hennes & Mauritz AB (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $5.50 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.34% from the company’s current price.
According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “
Separately, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Hennes & Mauritz AB in a report on Tuesday, August 8th.
Hennes & Mauritz AB (HNNMY) opened at 5.03 on Thursday. The stock has a 50 day moving average of $5.20 and a 200 day moving average of $5.05. The company has a market cap of $41.63 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. Hennes & Mauritz AB has a 52 week low of $4.52 and a 52 week high of $6.20.
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Hennes & Mauritz AB Company Profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and childrens room.
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