Shares of Compagnie Financière Richemont SA (OTCMKTS:CFRUY) have earned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $86.00.
Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Compagnie Financière Richemont in a report on Monday, November 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Compagnie Financière Richemont in a research note on Monday, November 15th. HSBC raised shares of Compagnie Financière Richemont from a “hold” rating to a “buy” rating in a research note on Thursday, October 21st. Zacks Investment Research raised shares of Compagnie Financière Richemont from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, January 3rd. Finally, Stifel Nicolaus raised shares of Compagnie Financière Richemont from a “hold” rating to a “buy” rating in a research note on Wednesday, November 17th.
Shares of OTCMKTS CFRUY traded down $0.26 on Friday, hitting $14.42. The company’s stock had a trading volume of 425,676 shares, compared to its average volume of 271,142. Compagnie Financière Richemont has a 12-month low of $9.08 and a 12-month high of $15.67. The stock has a 50 day moving average of $14.71 and a 200-day moving average of $12.74.
Compagnie Financière Richemont SA engages in the design, manufacture, and distribution of luxury goods. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, Online Distributors, and Other. The Jewellery Maisons segment produces jewellery products which include Cartier and Van Cleef & Arpels.
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