Hermès International stock: Berenberg cuts target to EUR 1,230 for Hermès International stock

Published on 10/23/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Annual results arrive February 12, 2027. Hermès International stock costs EUR 1,244.75 on October 23, 2026, down 3.47 percent versus the Xetra close.

Berenberg lowers its target

Berenberg cut its Hermès target from EUR 1,850.00 to EUR 1,230.00 on October 23, 2026.
Annual results are scheduled for February 12, 2027.
Hermès International stock costs EUR 1,244.75 at Lang & Schwarz on October 23, 2026 at 3:39 p.m. CEST, down 3.47 percent versus the Xetra close of October 22, 2026.
The stock's P/E ratio was 29.15 as of October 23, 2026.

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Hermès International (FR0000052292) faced a sharp Berenberg reset on October 23, 2026, as the research firm cut its rating from Buy to Hold and reduced its price target from EUR 1,850.00 to EUR 1,230.00. At 3:39 p.m. CEST on October 23, 2026, the stock was trading at EUR 1,244.75 at Lang & Schwarz, down 3.47 percent from the Xetra close of October 22, 2026 at EUR 1,289.50.

Target cut puts valuation in focus

According to Yahoo Finance, Berenberg cited Hermès' loss of its double-digit growth premium over LVMH in key regions. The new EUR 1,230.00 target is 1.20 percent below the Lang & Schwarz price of EUR 1,244.75, while the old target was 48.63 percent above that price.

Annual results are scheduled for February

Hermès Finance lists the 2026 full-year results for February 12, 2027, followed by first-quarter 2027 revenue on April 22, 2027 and the annual meeting on April 28, 2027, according to Hermes Finance. The company had published its third-quarter revenue update on October 22, 2026, keeping that announcement outside the central focus here.

Hermès stock sits near its yearly low

The 52-week range was EUR 1,236.50 to EUR 2,276.00 as of October 23, 2026. The Lang & Schwarz quote therefore stood 0.67 percent above the yearly low, while the market capitalization was EUR 130.6 billion on the same date. The P/E ratio was 29.15 and the dividend yield was 0.01 percent.

Comparison with peers

Hermès International: down 3.47 percent on October 23, 2026, P/E 29.15, market capitalization EUR 130.6 billion.
LVMH (Euronext Paris, EUR): down 1.17 percent on October 23, 2026, P/E 17.47, market capitalization EUR 188.9 billion.
Kering (Euronext Paris, EUR): down 15.85 percent on October 23, 2026, market capitalization EUR 22.0 billion.

Stock position after the target cut

Hermès International was trading at EUR 1,244.75 at Lang & Schwarz on October 23, 2026 at 3:39 p.m. CEST, down 3.47 percent versus the Xetra close of October 22, 2026 at EUR 1,289.50. The quote was 0.67 percent above the 52-week low of EUR 1,236.50. The further course of trading is shown by the continuously updated real-time quote of Hermes International stock.