HSBC Analysts Give H & M Hennes & Mauritz (STO:HM-B) a SEK 185 Price Target
HSBC set a SEK 185 price objective on H & M Hennes & Mauritz (STO:HM-B) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also recently weighed in on HM-B. Royal Bank of Canada set a SEK 210 price target on shares of H & M Hennes & Mauritz and gave the company a buy rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. set a SEK 115 price target on shares of H & M Hennes & Mauritz and gave the company a sell rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of SEK 159.17.
STO:HM-B opened at SEK 189.12 on Tuesday. H & M Hennes & Mauritz has a fifty-two week low of SEK 129.22 and a fifty-two week high of SEK 245.80. The company’s 50-day simple moving average is SEK 178.87 and its 200-day simple moving average is SEK 161.72.
H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles.
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