Compagnie Financiere Richemont (OTCMKTS:CFRUY) Now Covered by TD Cowen

TD Cowen assumed coverage on shares of Compagnie Financiere Richemont (OTCMKTS:CFRUY) in a report released on Friday,Zacks reports. The firm issued a strong-buy rating on the stock.

Separately, Royal Bank Of Canada lowered Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Compagnie Financiere Richemont Price Performance

Shares of OTCMKTS:CFRUY opened at $20.07 on Friday. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. Compagnie Financiere Richemont has a 12-month low of $16.26 and a 12-month high of $24.86. The business has a fifty day simple moving average of $21.34 and a 200 day simple moving average of $20.89.

Institutional Investors Weigh In On Compagnie Financiere Richemont

A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group headquartered in Geneva. Founded in 1988 by Johann Rupert, the company develops, manufactures and distributes high-end products through a portfolio of internationally recognized maisons.

Its Jewellery Maisons include Cartier, Van Cleef & Arpels, Buccellati and Piaget. Richemont also operates specialist watchmakers such as Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Panerai and A. Lange & Söhne.