Hermes International (OTCMKTS:HESAY) Downgraded by Rothschild & Co Redburn to “Hold”

Rothschild & Co Redburn cut shares of Hermes International (OTCMKTS:HESAY) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks reports.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada cut Hermes International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 18th. Zacks Research upgraded Hermes International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, HSBC cut shares of Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Hermes International Stock Up 0.9%

Shares of HESAY opened at $146.29 on Thursday. The firm’s 50 day moving average price is $171.95 and its two-hundred 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.