HSBC cuts target for Hermès International stock from GBp 1,650 to GBp 1,550
Published on 10/01/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
HSBC cut its Hermès target from GBp 1,650 to GBp 1,550 on September 30, 2026, while retaining a Hold rating, according to Bourse Direct. The move makes the analyst downgrade the clearest fresh signal for Hermès International stock, even as the company continues to post high margins.
HSBC sees slower third-quarter growth
HSBC expects organic growth of 5.30 percent in Hermès' third quarter, compared with 6.70 percent in the second quarter, according to MarketScreener. The comparison matters because the lower forecast points to a more measured growth profile before Hermès publishes third-quarter revenue on October 22, 2026.
Hermès' first-half 2026 revenue reached EUR 8.163 billion, up 6.10 percent at constant exchange rates, while recurring operating margin held at 41.00 percent, according to a September 21 analysis by Investomine. Recurring operating income was EUR 3.35 billion in the same period, giving the stock a substantial earnings-quality counterweight to the slower sales outlook.
Margins offset the growth slowdown
The latest company presentation for the first half of 2026 took place on July 29, 2026, according to Hermès Finance. Its 41.00 percent recurring operating margin shows why the market debate is centered on the pace of growth rather than a collapse in profitability.
Hermès stock was trading at EUR 1,314.50 at Lang & Schwarz on October 1, 2026 at 3:42 p.m. CEST, down 1.83 percent versus the prior close of EUR 1,339.00 on September 30, 2026. The finance quote places the company at a market capitalization of EUR 137.6 billion, while its 52-week range is EUR 1,298.50 to EUR 2,300.00.
Stock remains near its yearly low
At EUR 1,314.50, the reference price stood EUR 16.00 above the 52-week low of EUR 1,298.50, a gap of 1.23 percent calculated in euros. Hermès is listed on Euronext Paris under RMS and is included in the CAC 40, according to Boursorama.
The further course of trading is shown by the continuously updated real-time quote of Hermès International stock.
Hermès International stock facts
- Company: Hermès International S.C.A.
- ISIN: FR0000052292
- WKN: 886670
- Ticker: RMS
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 1, 2026, 3:42 p.m. CEST): EUR 1,314.50
- Change versus prior close: minus 1.83 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 1,339.00
- Market capitalization: EUR 137.6 billion (as of October 1, 2026)
- 52-week range: EUR 1,298.50-EUR 2,300.00
- Sector / Industry: Consumer Cyclical / Luxury Goods
- Index membership: CAC 40
- Next earnings date: October 22, 2026
