(Boursier.com) — Hermes stabilizes at 2,310 euros this Friday, while among the latest broker opinions, Jefferies has started monitoring the luxury group with a purchase recommendation. Management recently announced a 17% increase in sales at constant exchange rates in the first quarter, helped by double-digit growth observed in all business regions. The group’s consolidated turnover thus amounted to €3.805 billion (+17% at constant exchange rates and 13% at current exchange rates).
Europe excluding France (+15%) and France (+14%) achieved solid growth, despite high bases of comparison… Hermès also confirmed that it is aiming for a turnover growth target of “ambitious” constant rates for 2024. Among other brokers’ opinions, Citigroup is ‘neutral’ by targeting a price of 2,380 euros on the file, while Goldman Sachs also remains ‘neutral’ on the luxury group with an objective of course of 2,375 euros. Since the start of the year, the stock has gained 20%…
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