UBS cut target for Hermès International stock to EUR 1,168
Published on 10/13/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- UBS cut its Hermès target from EUR 1,695.00 to EUR 1,168.00 on October 5, 2026.
- First-half 2026 revenue rose 6.00 percent to EUR 8.20 billion at constant exchange rates.
- The stock was EUR 1,282.50 at Lang & Schwarz on October 13, 2026, 2.02 percent below the October 12 Xetra close of EUR 1,309.00.
- Hermès is scheduled to publish third-quarter 2026 revenue on October 22, 2026.
Hermès International (ISIN FR0000052292) was trading at EUR 1,282.50 at Lang & Schwarz on October 13, 2026 at 10:45 a.m. CEST, 2.02 percent below the Xetra close of October 12, 2026 at EUR 1,309.00. UBS had cut its target for Hermès from EUR 1,695.00 to EUR 1,168.00 on October 5, 2026, according to Oninvest.
Analysts reset the growth debate
The target cut came alongside a new sell recommendation from UBS. Goldman Sachs set a EUR 1,350.00 target, while UBS cited greater availability of Hermès products in resale markets as a concern, Oninvest reported on October 5, 2026.
The market is approaching a measurable test of that caution. Hermès is scheduled to publish third-quarter 2026 revenue on October 22, 2026, a date listed by Chronopin from the company's investor calendar.
Three milestones shape the setup
On April 17, 2026, Hermès approved an ordinary dividend of EUR 18.00 per share for fiscal year 2025, according to Hermès Finance. On July 29, 2026, the company reported first-half revenue of EUR 8.20 billion, up 6.00 percent at constant exchange rates, with recurring operating income of EUR 3.40 billion and a 41.00 percent margin, Chronopin reported.
On October 5, 2026, the UBS target moved from EUR 1,695.00 to EUR 1,168.00. The sequence shows why the October 22 revenue release matters: the first-half growth figure remains positive, while the latest analyst view prices in a slower expansion path.
What does October 22 test?
The next report will show whether Hermès can sustain its first-half pace as analysts debate demand in China and the resilience of its leather-goods model. First-half revenue growth was 6.00 percent at constant exchange rates, while recurring operating income reached EUR 3.40 billion, giving investors two concrete benchmarks for the third-quarter update.
Stock trades below the Xetra close
At Lang & Schwarz, Hermès International was trading at EUR 1,282.50 on October 13, 2026 at 10:45 a.m. CEST, 2.02 percent below the Xetra close of October 12, 2026 at EUR 1,309.00. The current quote places the stock above the 52-week low of EUR 1,255.00 and below the 52-week high of EUR 2,300.00.
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 Société en commandite par actions
- ISIN: FR0000052292
- Ticker: RMS
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 13, 2026, 10:45 a.m. CEST: EUR 1,282.50
- Change versus Xetra close: minus 2.02 percent
- Xetra close October 12, 2026: EUR 1,309.00
- Market capitalization: EUR 134.3 billion (as of October 13, 2026)
- 52-week range: EUR 1,255.00-EUR 2,300.00 (as of October 13, 2026)
