Hermès: stock rises nearly 2%, among the strongest gains in the CAC 40
The Parisian luxury leather goods maker is recovering ground mid-morning, with the CAC 40 trending upward. This rebound comes after several weeks of decline that have pushed the stock away from its moving averages, while tension persists on French debt.
A rebound that places Hermès at the top of the Paris index
The Hermès stock gains 1.95% to €1,309.50, placing it among the strongest gainers in the CAC 40, which advances 0.57% at the same time. The stock has been declining since summer: it is still down 6.4% over one month and nearly 21% over three months. Today's rebound thus remains modest in light of this drift.
The price stands below its 20-day moving average (€1,325.20, a gap of 1.2%), and the RSI at 36 signals a stock still under pressure, but further from the oversold zone reached in early October. Other luxury names are following the same trend: LVMH is up 1.37%, Christian Dior up 1%, and Kering up 1.19%, after a decline of 6.7% over one month for LVMH and 10.7% for Kering. The French bond market, with a 10-year OAT at 4.86% according to the latest Bank of France reading, remains one of the session's tension points.
Two price targets revised this week, including BofA's
Analysts have adjusted their targets in recent days. BofA Securities has lowered its target from €2,000 to €1,740 while maintaining a buy rating, leaving a potential of approximately 33% compared to the current price. SBG Securities, for its part, initiated coverage with a buy rating and a target of €1,623, representing a potential of 24%.
On the earnings front, the group published its first-half 2026 results on July 29, 2026, with an unfavorable currency effect of more than €360 million on revenue among the points of concern. The support level at €1,262.50 remains the closest technical level, approximately 3.6% below the current price.
