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

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

HESAY has been the subject of several other reports. Royal Bank Of Canada downgraded Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Zacks Research raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, HSBC downgraded shares of Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hermes International Stock Up 0.9%

OTCMKTS HESAY opened at $146.29 on Thursday. The stock has a 50-day moving average of $171.95 and a 200 day moving average of $184.73. Hermes International has a twelve month low of $143.70 and a twelve month 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.