HENNES & MAURIT/ADR (OTCMKTS:HNNMY) Rating Reiterated by Citigroup

HENNES & MAURIT/ADR (OTCMKTS:HNNMY)‘s stock had its “buy” rating reissued by research analysts at Citigroup in a note issued to investors on Wednesday, The Fly reports.

A number of other research firms also recently issued reports on HNNMY. Zacks Investment Research downgraded shares of HENNES & MAURIT/ADR from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Morgan Stanley downgraded shares of HENNES & MAURIT/ADR from an “equal weight” rating to an “underweight” rating in a research note on Monday. Royal Bank of Canada reissued a “sector perform” rating on shares of HENNES & MAURIT/ADR in a research note on Wednesday. Credit Suisse Group reissued an “underperform” rating on shares of HENNES & MAURIT/ADR in a research note on Wednesday, July 1st. Finally, Nordea Equity Research raised shares of HENNES & MAURIT/ADR from a “hold” rating to a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

Shares of HNNMY stock traded up $0.31 during mid-day trading on Wednesday, hitting $3.52. The company had a trading volume of 154,543 shares, compared to its average volume of 103,993. HENNES & MAURIT/ADR has a 52-week low of $1.88 and a 52-week high of $4.36. The stock’s 50 day moving average price is $3.16 and its 200-day moving average price is $2.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 0.41. The company has a market capitalization of $25.71 billion, a P/E ratio of 58.67 and a beta of 1.32.

HENNES & MAURIT/ADR (OTCMKTS:HNNMY) last released its earnings results on Thursday, June 25th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). HENNES & MAURIT/ADR had a net margin of 2.49% and a return on equity of 9.29%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3.07 billion.

About HENNES & MAURIT/ADR

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies worldwide. It offers sportswear, underwear, shoes, bags, beauty products, stationery, ready-to-wear, jeans, home textiles, and homeware; and interior products for living rooms, kitchens, bedrooms, bathrooms, and kids' rooms.

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Analyst Recommendations for HENNES & MAURIT/ADR (OTCMKTS:HNNMY)

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