Hennes & Mauritz AB (HNNMY) Rating Increased to Buy at Zacks Investment Research
Hennes & Mauritz AB (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $5.50 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 9.34% from the company’s previous close.
According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “
Separately, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Hennes & Mauritz AB in a research note on Tuesday, August 8th.
Shares of Hennes & Mauritz AB (HNNMY) traded down 0.98% during mid-day trading on Thursday, hitting $5.03. 54,668 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $5.20 and a 200-day moving average price of $5.05. The company has a market capitalization of $41.63 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. Hennes & Mauritz AB has a 52 week low of $4.52 and a 52 week high of $6.20.
WARNING: “Hennes & Mauritz AB (HNNMY) Rating Increased to Buy at Zacks Investment Research” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/09/09/hennes-mauritz-ab-hnnmy-rating-increased-to-buy-at-zacks-investment-research.html.
Hennes & Mauritz AB Company Profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and childrens room.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hennes & Mauritz AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennes & Mauritz AB and related companies with MarketBeat.com's FREE daily email newsletter.