Hermes International (OTCMKTS:HESAY) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Hermes International (OTCMKTS:HESAY) in a research report report published on Monday, Marketbeat Ratings reports. The brokerage issued a sell rating on the stock.

Other equities analysts also recently issued research reports about the stock. HSBC downgraded shares of Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Rothschild & Co Redburn cut shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. UBS Group downgraded shares of Hermes International from a “neutral” rating to a “sell” rating in a research report on Monday. Zacks Research upgraded shares of Hermes International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada cut shares of Hermes International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Hermes International presently has a consensus rating of “Hold”.

Hermes International Trading Down 1.2%

Hermes International stock opened at $144.53 on Monday. The stock has a 50-day moving average of $171.13 and a two-hundred day moving average of $184.03. Hermes International has a one year low of $142.40 and a one year 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.