Hermès share falls below €1,286 while LVMH and Kering advance
The Parisian leather goods maker extends its decline in a rising CAC 40. The stock breaks through a technical support level monitored for several sessions, as two research houses revise their price targets downward.
A €1,286 support breached during the session, well below moving averages
The Hermès share falls 1.24% to €1,270.00, among the steepest declines in the CAC 40, while the index gains 0.38%. The stock broke through its €1,286 support level during the session, which coincided with the previous close, and remains below it. The decline is prolonged: -8.07% over the week and -22.61% over three months. The price is 6.80% below its MA20 (€1,362.65), 14.67% below its MA50 and 26.81% below its MA200 (€1,735.13).
The RSI at 29 signals an oversold configuration. The luxury sector is not supporting the stock: LVMH gains 1.04% and Kering 1.08%. Regarding results, the group had published its first-half accounts on July 29, 2026, with an unfavorable exchange rate effect of over €360 million on revenue.
Two price targets cut on Tuesday by HSBC and CIC Market Solutions
Two revisions came in during the day. HSBC lowered its target from €1,550 to €1,460 with a hold rating. CIC Market Solutions cut it from €2,000 to €1,700 while maintaining a buy rating.
Both targets remain above the current price, by 15% for HSBC and 34% for CIC. These revisions extend a series already underway the previous day, which had seen two other targets lowered. The price is now 20.5% below the €1,598 resistance level, and €1,286 becomes the level to recapture.
