Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Rating Lowered by Royal Bank Of Canada

Compagnie Financiere Richemont (OTCMKTS:CFRUY) was downgraded by analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Compagnie Financiere Richemont Stock Down 0.5%

Compagnie Financiere Richemont stock opened at $20.58 on Tuesday. Compagnie Financiere Richemont has a one year low of $16.26 and a one year high of $24.86. The business’s fifty day moving average is $23.02 and its 200 day moving average is $21.15. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19.

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 bought a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.