Brokerages Set Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Price Target at $86.00

Shares of Compagnie Financière Richemont SA (OTCMKTS:CFRUY) have earned an average recommendation of “Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $86.00.

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Compagnie Financière Richemont in a research note on Monday, November 15th. Oddo Bhf raised shares of Compagnie Financière Richemont from an “underperform” rating to a “neutral” rating in a research note on Friday, September 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Compagnie Financière Richemont in a research note on Monday, November 15th. 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, Barclays lifted their price objective on shares of Compagnie Financière Richemont from CHF 150 to CHF 155 in a research note on Tuesday, January 4th.

Compagnie Financière Richemont stock traded down $0.26 during trading hours on Friday, hitting $14.42. 425,676 shares of the company traded hands, compared to its average volume of 271,142. The firm’s 50-day simple moving average is $14.71 and its two-hundred day simple moving average is $12.74. Compagnie Financière Richemont has a 1-year low of $9.08 and a 1-year high of $15.67.

About Compagnie Financière Richemont

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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Analyst Recommendations for Compagnie Financière Richemont (OTCMKTS:CFRUY)

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