Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) have earned an average rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have recently issued reports on HESAY shares. UBS Group lowered shares of Hermes International from a “neutral” rating to a “sell” rating in a research report on Monday, October 5th. Berenberg Bank downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. Zacks Research lowered Hermes International from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. The Goldman Sachs Group began coverage on Hermes International in a report on Monday, October 5th. They set a “sell” rating on the stock. Finally, Rothschild & Co Redburn cut Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st.

Hermes International Price Performance

Shares of OTCMKTS HESAY opened at $141.70 on Wednesday. Hermes International has a 52-week low of $137.40 and a 52-week high of $265.89. The business has a 50-day moving average price of $159.20 and a 200 day moving average price of $194.36.

Hermes International Company Profile

Hermès International is a French luxury-goods company headquartered in Paris. Founded in 1837 by Thierry Hermès as a harness workshop, the company has evolved into a global manufacturer and retailer of high-end products while retaining a strong focus on craftsmanship, quality and long-term brand heritage.

Hermès designs and sells leather goods and saddlery, including handbags, luggage and equestrian equipment. Its other product categories include silk and textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes and beauty products, watches, jewelry, and home furnishings.