Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get an assessment) received a consensus “moderate buy” recommendation from the thirteen rating agencies that cover the company, reports MarketBeat.com. Four equity research analysts rated the stock with a hold rating and six issued a buy rating on the company. The 12-month average target price among brokerages that have issued ratings on the stock over the past year is $142.57.
A number of research companies have weighed in on CFRUY recently. Societe Generale lowered its price target on Compagnie Financière Richemont from CHF 150 to CHF 130 in a research note on Friday July 1. Deutsche Bank Aktiengesellschaft lowered its price target on Compagnie Financière Richemont from CHF 155 to CHF 145 and set a “buy” rating for the company in a Tuesday, July 19 research note. UBS Group lowered its price target on Compagnie Financière Richemont from CHF 133 to CHF 131 and set a “buy” rating on the stock in a Monday, July 18 report. Barclays raised its price target on Compagnie Financière Richemont from CHF 142 to CHF 152 in a Tuesday, September 13 report. Finally, JPMorgan Chase & Co. raised its price target on Compagnie Financière Richemont from CHF 150 to CHF 155 in a report on Monday 3 October.
Price performance of Compagnie Financière Richemont
CFRUY opened at $9.63 on Tuesday. Compagnie Financière Richemont has a fifty-two week low of $9.29 and a fifty-two week high of $15.67. The company has a 50-day moving average of $10.90 and a 200-day moving average of $11.04. The company has a quick ratio of 1.74, a current ratio of 2.42 and a leverage ratio of 0.30.
Compagnie Financière Richemont reduces its dividend
The company also recently announced a dividend, which will be paid on Tuesday, October 11. Shareholders of record on Thursday, September 22 will receive a dividend of $0.1231. This represents a return of 1.77%. The ex-date of this dividend is Wednesday, September 21.
Profile of Compagnie Financière Richemont
Compagnie Financière Richemont SA is active in the luxury goods sector in Europe, the Middle East, Africa, Asia and America. The Company operates through the segments of jewelry houses, specialist watchmakers and online distributors. It designs, manufactures and distributes jewelry products; and precision watches, clocks and writing instruments, as well as apparel, leather goods and accessories.
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