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Barclays Remains a Buy on Compagnie Financiere Richemont SA (CFR)

Barclays Remains a Buy on Compagnie Financiere Richemont SA (CFR)

Barclays analyst Carole Madjo maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) yesterday and set a price target of CHF171.00. The company's shares closed yesterday at CHF154.85.
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According to TipRanks, Madjo is a 4-star analyst with an average return of 5.3% and a 57.93% success rate. Madjo covers the Consumer Cyclical sector, focusing on stocks such as Salvatore Ferragamo S.p.A., Burberry, and Moncler S.p.A..
In addition to Barclays, Compagnie Financiere Richemont SA also received a Buy from UBS's Zuzanna Pusz in a report issued on May 28. However, on May 23, Deutsche Bank maintained a Hold rating on Compagnie Financiere Richemont SA (Six Swiss: CFR).
Based on Compagnie Financiere Richemont SA's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of CHF10.08 billion and a net profit of CHF458 million. In comparison, last year the company earned a revenue of CHF10.22 billion and had a net profit of CHF2.16 billion
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CFR in relation to earlier this year.

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