Hermes International (OTCMKTS:HESAY) Rating Lowered to “Hold” at Rothschild & Co Redburn

Hermes International (OTCMKTS:HESAY) was downgraded by analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

A number of other brokerages have also recently weighed in on HESAY. Zacks Research upgraded Hermes International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. HSBC downgraded Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada downgraded Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Hermes International Price Performance

Shares of OTCMKTS 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 52-week low of $143.70 and a 52-week high of $265.89.

About Hermes International

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.