Hennes & Mauritz AB

Hennes & Mauritz AB

16 August 2016

Important legal information

H&M Hennes & Mauritz was founded in Sweden in 1947 and the company´s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the company includes the brands H&M Home, Cos, & Other Stories, Cheap Monday, Monki and Weekday, and the group currently has more than 4000 stores in 62 markets worldwide. (source: Hennes & Mauritz website)

H&M July sales rose by 10% measured in local currencies compared to the same month last year. The figures came in higher than expected for the second month in a row, 10% vs. 8% expected in July and 8% vs. 7% expected in June, according to SME Direkt. The announcement led to a share price rally and the stock traded up and took a leading position on the Stockholm Stock Exchange on Monday morning, 15th of August. In what direction do you think the H&M share price is heading next?

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Bloomberg consensus set the 12-month target price to SEK 274,90. As of 15th of August 2016, the share price closed at SEK 277,40. Currently, 15 (38,5%) analysts set H&M on BUY, 14 (35,9%) on HOLD and 10 (25,6%) on SELL recommendation.

26/11/2022 09:57:09