Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Rating)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.19 and traded as low as $14.09. Compagnie Financière Richemont shares last traded at $14.33, with a volume of 959,050 shares traded.
Analyst Upgrades and Downgrades
Separately, HSBC raised shares of Compagnie Financière Richemont from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.71.
Compagnie Financière Richemont Price Performance
The business has a fifty day moving average of $15.19 and a 200 day moving average of $12.68.
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.
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