Compagnie Financière Richemont (OTCMKTS:CFRUY) Stock Crosses Above 50-Day Moving Average of $16.10

Shares of Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.10 and traded as high as $17.19. Compagnie Financière Richemont shares last traded at $17.19, with a volume of 2,093,569 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, HSBC upgraded shares of Compagnie Financière Richemont from a “hold” rating to a “buy” rating in a report on Monday, March 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.71.

Compagnie Financière Richemont Trading Down 0.1 %

The firm’s fifty day moving average is $16.10 and its 200-day moving average is $14.56.

About Compagnie Financière Richemont

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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.