Hermès Share: -40.5% in one year, the stock stabilizes despite two lowered targets
The Parisian leather goods maker stabilizes after another session of decline, as two research firms have just revised their price targets. The stock remains well below its moving averages, at the end of a slide that has been ongoing for several months.
A stock pinned to its support level, far from its three moving averages
Hermès stock is trading at €1,289.00, up 0.23% compared to the previous day (€1,286), and ranks at the bottom of the CAC 40 rather than in its upper part. The price is barely €3 above the support level of €1,286.00, a level it had just tested in the previous session. The trend remains heavy: the stock is down 6.7% over one week and 21.5% over three months, while the price is 5.4% below the MA20 (€1,362.65) and 25.7% below the MA200 (€1,735.13). The RSI at 29 reflects the violence of this series of declines, rather than the beginning of a reversal.
HSBC and CIC Market Solutions lower their targets on the leather goods maker
Two revisions came out today. HSBC is reducing its target from €1,550 to €1,460 and takes a hold stance, representing a potential of 13% compared to today's price. CIC Market Solutions is cutting its target from €2,000 to €1,700 while maintaining a buy rating, which leaves a potential of nearly 32%. The analyst consensus on the stock is thus evolving within a wide range.
On the fundamentals side, the group had published its H1 2026 results on July 29, with an unfavorable currency effect of more than €360 million on revenue and a 4% decline in the Middle East. It also noted the opening of its sixth Maison in London. The support level at €1,286.00 is the level to watch for the rest of the session.
