Societe Generale Issues a Downgrade on H&M (HNNMY) Shares. What’s Next?

Share

H&M (HNNMY) Receives a Downgrade

Societe Generale downgraded shares of H&M (HNNMY) stock from a “Hold” rating to a “Sell” rating in a comprehensive report issued on Thursday morning.

From a total of 3 analysts covering H&M (HNNMY) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 33% of the ratings are positive. H&M was the topic of 3 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on December 2 to “Underperform” rating. JP Morgan downgraded HNNMY stock in a recent report from August 26 to “Neutral” rating.

Approximately 25,420 shares of stock traded hands. HENNES & MAURITZ SPON ADR EA REP 0.2 ORD SHS (HNNMY) has declined 13.17% since May 14, 2015 and is downtrending. It has underperformed by 10.91% the S&P500.

Societe Generale Issues a Downgrade on H&M (HNNMY) Shares. What’s Next?

According to Zacks Investment Research, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden.”

COMMENTS: