Hermès Shares Soar Nearly 5% Breaking Key Resistance at €1,702
The saddler from Faubourg Saint-Honoré marks one of the strongest rebounds on the Paris stock exchange, in a luxury sector clearly on the rise. The stock breaks a closely watched technical threshold during the session, as a major bank updates its opinion on the stock.
The Stock Breaks the €1,702 Resistance and Moves Above its Short-Term Averages
Hermès International shares gained 4.93% to €1,724 by midday, among the strongest rises in the CAC 40. The stock broke its resistance at €1,702 during the session, which it had defended for several sessions, and maintained above it, reaching up to €1,730 intraday. The rebound brings the weekly performance to nearly 9%, after a long downward sequence that still leaves the stock down nearly 27% over the year.
The price moves back above the MM20 (€1,614.80) and MM50 (€1,643.65), with a respective gap of 6.76% and 4.89%. The MM200, at €1,965.08, remains 12.27% above the current price and represents the medium-term ceiling. The RSI at 54 indicates a dynamic that has returned to neutral after several weeks of selling pressure.
Berenberg Maintains Buy Rating and Parisian Luxury Bounces Back as a Whole
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Berenberg confirmed yesterday its buy rating on the stock, while lowering its price target from €2,600 to €1,850, representing a potential upside of about 7.3% from today's price. The movement is part of a general rebound in the luxury sector in Paris, with LVMH up 4.72%, Kering 5.71% and Christian Dior 4.61%. The sector backdrop remains mixed, with Chinese demand still under pressure (NBS China gold jewelry sales down 21.3% year-on-year in April) which is partially offset by Swiss watch exports to Hong Kong (+13.5%).
According to the consensus of analysts surveyed, the stock is priced at about 38.6 times the expected earnings for the current fiscal year. The semi-annual accounts, expected soon, should provide initial elements on the growth trajectory discussed during the 2025 results publication on February 11, 2026.
Le modèle Hermès, fondé sur une distribution exclusive et qualitative, a une nouvelle fois porté ses fruits. Hermès aborde l’année 2026 avec confiance.
Résultats annuels 2025 solides: chiffre d’affaires de 16 002 millions d’euros, croissance à taux constants de 8,9 % et croissance à taux courants de 5,5 %. Résultat opérationnel courant de 6 569 millions d’euros (41,0 % du chiffre d’affaires) et résultat net de 4 524 millions d’euros. Cash flow disponible ajusté de 3 880 millions d’euros; trésorerie nette retraitée à 12 773 millions d’euros. Propositions de dividendes et actions nouvelles pour 2026, avec un accent sur le développement et l’emploi.
Outlook / guidance
Expected revenue: Le chiffre d’affaires 2026 est attendu en progression à taux constants sans chiffre précis communiqué.
Expected EBITDA: Non précisé dans le communiqué.
Expected net income: Non précisé dans le communiqué.
Management commentary: Perspectives positives pour 2026, grâce au modèle d’entreprise intégré et à la fidélité de la clientèle, malgré un contexte économique et géopolitique incertain.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
