Hermes International (OTCMKTS:HESAY) Stock Rating Cut to “Sell” at UBS Group

UBS Group cut shares of Hermes International (OTCMKTS:HESAY) from a neutral rating to a sell rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

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

Hermes International Stock Performance

OTCMKTS HESAY opened at $144.53 on Monday. The stock’s 50-day simple moving average is $171.13 and its two-hundred day simple moving average is $184.03. Hermes International has a twelve month low of $142.40 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.