J.P. Morgan Reaffirms Their Buy Rating on Compagnie Financiere Richemont SA (CFR)

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According to TipRanks, Battistini is a 4-star analyst with an average return of 8.2% and a 60.00% success rate.

In addition to J.P. Morgan, Compagnie Financiere Richemont SA also received a Buy from Bernstein’s Luca Solca in a report issued on May 12. However, on May 11, Berenberg 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 CHF10.65 billion and a net profit of CHF1.82 billion. In comparison, last year the company earned a revenue of CHF10.08 billion and had a net profit of CHF458 million

Based on the recent corporate insider activity of 14 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.