H & M Hennes & Mauritz (STO:HM.B) Given a SEK 150 Price Target by Royal Bank of Canada Analysts
H & M Hennes & Mauritz (STO:HM.B) has been given a SEK 150 target price by equities research analysts at Royal Bank of Canada in a research report issued on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 10.70% from the stock’s current price.
A number of other equities analysts have also issued reports on HM.B. Credit Suisse Group set a SEK 132 target price on H & M Hennes & Mauritz and gave the stock a “sell” rating in a research note on Friday, June 26th. Goldman Sachs Group set a SEK 115 target price on H & M Hennes & Mauritz and gave the stock a “sell” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. set a SEK 190 target price on H & M Hennes & Mauritz and gave the stock a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein set a SEK 100 price target on H & M Hennes & Mauritz and gave the stock a “sell” rating in a research report on Thursday, March 26th. Finally, Berenberg Bank set a SEK 120 price target on H & M Hennes & Mauritz and gave the stock a “neutral” rating in a research report on Friday, March 27th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of SEK 146.67.
Shares of HM.B opened at SEK 135.50 on Monday. H & M Hennes & Mauritz has a 12 month low of SEK 129.22 and a 12 month high of SEK 245.80. The stock has a fifty day moving average price of SEK 141.32 and a 200-day moving average price of SEK 162.76.
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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