Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15, there was short interest totaling 92,900 shares, an increase of 39.3% from the April 30 total of 66,700 shares. Based on an average daily trading volume of 1,128,500 shares, the short interest ratio is currently 0.1 day.
Shares of CFRUY rose $0.56 on Monday, hitting $10.85. The company had a trading volume of 358,300 shares, compared to an average volume of 549,522. Compagnie Financière Richemont has a 1-year low of $9.29 and a 1-year high of $15.67. The company’s 50-day moving average is $11.63 and its 200-day moving average is $13.28.
Several equity analysts have commented on CFRUY shares. The UBS group raised its price target on Compagnie Financière Richemont shares from CHF 159 to CHF 167 in a report on Tuesday 5 April. Telsey Advisory Group reaffirmed a “market performance” rating on shares of Compagnie Financière Richemont in a Monday May 23 research note. JPMorgan Chase & Co. lowered its price target on shares of Compagnie Financière Richemont from CHF 165 to CHF 150 and set an “overweight” rating on the stock in a Monday May 23 research note. Barclays lowered its price target on shares of Compagnie Financière Richemont from CHF 158 to CHF 142 in a research note on Wednesday May 25. Finally, Zacks Investment Research upgraded shares of Compagnie Financière Richemont from a “buy” rating to a “hold” rating in a Wednesday, March 23 research report. Four analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $126.83.
Richemont Financial Company Profile (Get a rating)
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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