Hermes International (OTCMKTS:HESAY) Rating Increased to Strong-Buy at DZ Bank

Key Points

• DZ Bank upgraded Hermes International from a "hold" to a "strong-buy" rating, indicating increased confidence in the stock's future performance.
• Despite the upgrade, the stock has experienced a 3.7% decline recently, closing at $240.88 on Wednesday.
• Currently, the average rating for Hermes International's stock is "Moderate Buy," with a mix of ratings from other analysts, including some who have downgraded their earlier "strong-buy" assessments.

Hermes International (OTCMKTS:HESAY - Get Free Report) was upgraded by analysts at DZ Bank from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Hsbc Global Res lowered shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. UBS Group lowered shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Hermes International Stock Down 3.7%

Hermes International stock opened at $240.88 on Wednesday. Hermes International has a 52-week low of $206.66 and a 52-week high of $303.00. The company has a current ratio of 4.50, a quick ratio of 3.65 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $245.32 and its two-hundred day moving average is $261.79.

About Hermes International

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.

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