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

Equities research analysts at TD Cowen began coverage on shares of Compagnie Financiere Richemont (OTCMKTS:CFRUY) in a report released 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 research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Compagnie Financiere Richemont Stock Up 1.0%

Shares of OTCMKTS CFRUY opened at $20.07 on Friday. The company has a 50-day simple moving average of $21.34 and a 200-day simple moving average of $20.89. The company has a current ratio of 3.10, a quick ratio of 2.06 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.

Hedge Funds Weigh In On Compagnie Financiere Richemont

A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.