Shares of Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Free Report) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.
CFRUY has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Compagnie Financière Richemont in a report on Wednesday, September 20th. They issued a “buy” rating on the stock. CLSA started coverage on shares of Compagnie Financière Richemont in a report on Thursday, September 14th. They set a “buy” rating on the stock. Morgan Stanley cut shares of Compagnie Financière Richemont from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 26th. Bank of America cut shares of Compagnie Financière Richemont from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. Finally, Royal Bank of Canada cut shares of Compagnie Financière Richemont from an “outperform” rating to a “sector perform” rating in a report on Monday, October 2nd.
Compagnie Financière Richemont Stock Up 1.7 %
Compagnie Financière Richemont Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.1826 per share. The ex-dividend date was Thursday, September 21st. This is an increase from Compagnie Financière Richemont’s previous dividend of $0.12.
About Compagnie Financière Richemont
Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.
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