TD Cowen Initiates Coverage on Compagnie Financiere Richemont (OTCMKTS:CFRUY)

Stock analysts at TD Cowen assumed coverage on shares of Compagnie Financiere Richemont (OTCMKTS:CFRUY) in a research note issued on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

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

Compagnie Financiere Richemont Trading Up 1.0%

Shares of CFRUY stock opened at $20.07 on Friday. Compagnie Financiere Richemont has a one year low of $16.26 and a one year high of $24.86. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $21.34 and a 200 day moving average price of $20.89.

Institutional Investors Weigh In On Compagnie Financiere Richemont

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.