Compagnie Financière Richemont (OTCMKTS:CFRUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The firm presently has a $17.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.11% from the company’s previous close.
According to Zacks, “Compagnie Financière Richemont SA, with its subsidiaries designs, develops, manufactures and sells luxury goods in Europe, Asia-Pacific, Americas and Japan. Richemont operates in five key areas: jewellery, watches, writing instruments, leather and accessories, and clothing. The Group’s luxury interests encompass several of the most prestigious names in the luxury industry including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc. Compagnie Financière Richemont SA is headquartered in Geneva, Switzerland. “
Several other analysts also recently weighed in on CFRUY. Barclays assumed coverage on shares of Compagnie Financière Richemont in a report on Tuesday, September 21st. They issued an “overweight” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Compagnie Financière Richemont in a report on Monday, November 15th. Credit Suisse Group reiterated a “neutral” rating on shares of Compagnie Financière Richemont in a report on Monday, November 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Compagnie Financière Richemont in a report on Monday, November 15th. Finally, Oddo Bhf upgraded shares of Compagnie Financière Richemont from an “underperform” rating to a “neutral” rating in a research note on Friday, September 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Silicon Valley millionaire Jeff Brown called it in 2014, when he first bought Bitcoin.
In 2016, he recommended Nvidia at $25… before it hit $799… and he predicted the #1 returning tech stock in 4 years out of 5…
Shares of OTCMKTS CFRUY traded up $0.08 during midday trading on Monday, reaching $15.03. 145,124 shares of the stock were exchanged, compared to its average volume of 288,101. The company has a 50 day simple moving average of $14.28 and a 200 day simple moving average of $12.59. Compagnie Financière Richemont has a twelve month low of $8.88 and a twelve month high of $15.67.
Compagnie Financière Richemont Company Profile
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.
Recommended Story: Initial Coin Offering (ICO)
Get a free copy of the Zacks research report on Compagnie Financière Richemont (CFRUY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Compagnie Financière Richemont right now?
Before you consider Compagnie Financière Richemont, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Compagnie Financière Richemont wasn’t on the list.
While Compagnie Financière Richemont currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
