The Goldman Sachs Group Initiates Coverage on Hermes International (OTCMKTS:HESAY)

Equities researchers at The Goldman Sachs Group initiated coverage on shares of Hermes International (OTCMKTS:HESAY) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “sell” rating on the stock.

HESAY has been the topic of a number of other research reports. Rothschild & Co Redburn lowered Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. HSBC cut Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Hermes International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. UBS Group downgraded shares of Hermes International from a “neutral” rating to a “sell” rating in a report on Monday. 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 analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Hermes International currently has an average rating of “Hold”.

Hermes International Trading Down 0.8%

Shares of OTCMKTS HESAY opened at $143.15 on Monday. Hermes International has a 1 year low of $142.33 and a 1 year high of $265.89. The company has a 50-day moving average price of $170.05 and a 200-day moving average price of $183.56.

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.