H&M (STO:HM-B) Given a SEK 125 Price Target at JPMorgan Chase

H&M (STO:HM-B) has been given a SEK 125 price target by JPMorgan Chase in a research note issued to investors on Thursday, March 15th. The brokerage presently has a “sell” rating on the stock. JPMorgan Chase’s price objective indicates a potential downside of 1.00% from the company’s current price.

A number of other analysts have also commented on HM-B. Goldman Sachs set a SEK 177 price objective on shares of H&M and gave the company a “sell” rating in a research note on Friday, December 1st. Societe Generale set a SEK 129 price target on shares of H&M and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Finally, Barclays set a SEK 125 price target on shares of H&M and gave the stock a “sell” rating in a research report on Thursday, February 15th.

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Shares of STO:HM-B traded up SEK 0.32 during trading hours on Thursday, hitting SEK 126.26. 3,828,304 shares of the company’s stock traded hands, compared to its average volume of 7,600,000. H&M has a 52 week low of SEK 129.22 and a 52 week high of SEK 245.80.

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H&M Company Profile

H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles.

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