Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Compagnie Financière Richemont SA (OTCMKTS:CFRUYGet Rating) have earned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $162.33.

CFRUY has been the subject of several recent research reports. UBS Group raised their price objective on Compagnie Financière Richemont from CHF 159 to CHF 167 in a research report on Tuesday, April 5th. Zacks Investment Research lowered Compagnie Financière Richemont from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. Jefferies Financial Group initiated coverage on Compagnie Financière Richemont in a research report on Monday, April 11th. They set a “buy” rating for the company. Barclays raised their price objective on Compagnie Financière Richemont from CHF 150 to CHF 155 in a research report on Tuesday, January 4th. Finally, Morgan Stanley raised their price objective on Compagnie Financière Richemont from CHF 152 to CHF 165 and gave the company an “overweight” rating in a research report on Tuesday, January 18th.

Compagnie Financière Richemont stock traded down $0.02 on Tuesday, hitting $12.55. 313,802 shares of the stock traded hands, compared to its average volume of 525,638. The business’s fifty day simple moving average is $12.78 and its 200 day simple moving average is $13.49. Compagnie Financière Richemont has a 1 year low of $10.06 and a 1 year high of $15.67.

Compagnie Financière Richemont Company Profile (Get Rating)

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas. The company operates through Jewellery Maisons, Specialist Watchmakers, and Online Distributors segments. It designs, manufactures, and distributes jewelry products; and precision timepieces, watches, and writing instruments, as well as clothing, and leather goods and accessories.

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Analyst Recommendations for Compagnie Financière Richemont (OTCMKTS:CFRUY)

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