Compagnie Financiere Richemont (OTCMKTS:CFRUY) Hits New 52-Week High – Here’s What Happened

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $22.15 and last traded at $21.89, with a volume of 390092 shares changing hands. The stock had previously closed at $21.89.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised Compagnie Financiere Richemont to a “strong-buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Compagnie Financiere Richemont presently has an average rating of “Strong Buy”.

Compagnie Financiere Richemont Price Performance

The firm has a fifty day moving average price of $21.08 and a 200 day moving average price of $19.29.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.