Compagnie Financière Richemont (OTCMKTS:CFRUY) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
CFRUY has been the topic of several other reports. Barclays began coverage on shares of Compagnie Financière Richemont in a research note on Tuesday, September 21st. They set an “overweight” rating on the stock. Oddo Bhf raised shares of Compagnie Financière Richemont from an “underperform” rating to a “neutral” rating in a research note on Friday, September 24th. Zacks Investment Research cut shares of Compagnie Financière Richemont from a “buy” rating to a “hold” rating in a research note on Monday, August 30th. UBS Group reissued a “buy” rating on shares of Compagnie Financière Richemont in a research note on Monday, October 4th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Compagnie Financière Richemont in a research note on Tuesday, July 20th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $13.00.
Shares of Compagnie Financière Richemont stock opened at $11.84 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $123.61 billion, a price-to-earnings ratio of 43.85 and a beta of 1.00. Compagnie Financière Richemont has a 1-year low of $6.11 and a 1-year high of $13.07. The firm’s 50-day moving average price is $11.15 and its two-hundred day moving average price is $11.41.
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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