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
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.
