Compagnie Financière Richemont (OTCMKTS:CFRUY) Price Target Increased to CHF 160 by Analysts at JPMorgan Chase & Co.

Compagnie Financière Richemont (OTCMKTS:CFRUYGet Rating) had its price objective lifted by JPMorgan Chase & Co. from CHF 155 to CHF 160 in a research report released on Tuesday, The Fly reports.

Several other research analysts have also issued reports on the stock. UBS Group dropped their price target on shares of Compagnie Financière Richemont from CHF 133 to CHF 131 and set a buy rating for the company in a research report on Monday, July 18th. Morgan Stanley increased their price target on shares of Compagnie Financière Richemont from CHF 125 to CHF 137 in a research report on Tuesday. Barclays increased their price target on shares of Compagnie Financière Richemont from CHF 142 to CHF 152 in a research report on Tuesday, September 13th. Societe Generale increased their price target on shares of Compagnie Financière Richemont from CHF 130 to CHF 138 and gave the stock a buy rating in a research report on Monday. Finally, Sanford C. Bernstein lowered shares of Compagnie Financière Richemont from an outperform rating to a market perform rating in a research report on Thursday, September 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Compagnie Financière Richemont has an average rating of Moderate Buy and an average target price of $144.71.

Compagnie Financière Richemont Stock Performance

Shares of CFRUY opened at $12.21 on Tuesday. The company has a 50-day simple moving average of $10.26 and a 200-day simple moving average of $10.67. The company has a quick ratio of 1.74, a current ratio of 2.42 and a debt-to-equity ratio of 0.30. Compagnie Financière Richemont has a 52 week low of $9.27 and a 52 week high of $15.67.

Compagnie Financière Richemont Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, October 11th. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.1231 per share. This represents a dividend yield of 1.77%. The ex-dividend date was Wednesday, September 21st.

About Compagnie Financière Richemont

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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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