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COMPAGNIE FINANCIÈRE RICHEMONT SA

(CFR)
  Report
Real-time Estimate Cboe Europe  -  04:02 2022-09-27 am EDT
99.79 CHF   +3.35%
09/23RICHEMONT : Gets a Buy rating from Goldman Sachs
MD
09/22SBG Securities Lowers Price Target on CIE Financiere Richemo, Maintains Buy Recommendation
MT
09/21CIC Market Solutions Lowers Price Target on CIE Financiere Richemo, Maintains Buy Recommendation
MT
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Richemont Enjoys the 'YOLO Effect' -- Market Talk

07/15/2022 | 12:47am EDT

Richemont's consensus-beating first-quarter sales are testament to the strength of luxury demand in the wake of the pandemic, Bernstein analysts say in a note. The Swiss luxury-goods group posted quarterly sales of EUR5.26 billion, above FactSet-compiled consensus expectations and despite a major drag from Covid-19 restrictions in China, Bernstein notes. The strong results follow similarly good prints from Swiss watchmaker Swatch and Italian luxury cashmere specialist Brunello Cucinelli, the brokerage says. The "YOLO effect" out of the pandemic is affecting all nationalities and has yet to normalize, Bernstein suggests, keeping an outperform rating and a CHF135 target on Richemont stock. (joshua.kirby@wsj.com; @joshualeokirby)


(END) Dow Jones Newswires

07-15-22 0247ET

Stocks mentioned in the article
ChangeLast1st jan.
BRUNELLO CUCINELLI S.P.A. 1.71% 48.84 Delayed Quote.-20.89%
COMPAGNIE FINANCIÈRE RICHEMONT SA 3.04% 99.48 Delayed Quote.-29.49%
THE SWATCH GROUP AG 2.18% 230.2 Delayed Quote.-19.32%
All news about COMPAGNIE FINANCIÈRE RICHEMONT SA
09/23RICHEMONT : Gets a Buy rating from Goldman Sachs
MD
09/22SBG Securities Lowers Price Target on CIE Financiere Richemo, Maintains Buy Recommendat..
MT
09/21CIC Market Solutions Lowers Price Target on CIE Financiere Richemo, Maintains Buy Recom..
MT
09/21COMPAGNIE FINANCIÈRE RICHEMONT SA : Ex-dividend day fo..
FA
09/21COMPAGNIE FINANCIÈRE RICHEMONT SA : Ex-dividend day fo..
FA
09/20RICHEMONT : JP Morgan reiterates its Buy rating
MD
09/19AlphaValue/Baader Europe Lowers Price Target on CIE Financiere Richemo, Upgrades Recomm..
MT
09/15Global markets live: Microsoft, Tesla, Shell, Adobe, Disney...
MS
09/15AlphaValue/Baader Europe Lowers Price Target on CIE Financiere Richemo, Maintains Add R..
MT
09/09RICHEMONT : Barclays reaffirms its Buy rating
MD
More news
Analyst Recommendations on COMPAGNIE FINANCIÈRE RICHEMONT SA
More recommendations
Financials
Sales 2023 21 172 M 20 424 M 20 424 M
Net income 2023 2 997 M 2 891 M 2 891 M
Net cash 2023 1 691 M 1 631 M 1 631 M
P/E ratio 2023 18,5x
Yield 2023 2,58%
Capitalization 57 656 M 55 621 M 55 621 M
EV / Sales 2023 2,64x
EV / Sales 2024 2,37x
Nbr of Employees 35 853
Free-Float 89,2%
Chart COMPAGNIE FINANCIÈRE RICHEMONT SA
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Compagnie Financière Richemont SA Technical Analysis Chart | MarketScreener
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Technical analysis trends COMPAGNIE FINANCIÈRE RICHEMONT SA
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 100,96 €
Average target price 136,43 €
Spread / Average Target 35,1%
EPS Revisions
Managers and Directors
Jérôme Lambert Group Chief Executive Officer & Executive Director
Burkhart Grund Group Chief Finance Officer & Executive Director
Johann Peter Rupert Executive Chairman
Ruggero Magnoni Independent Non-Executive Director
Guillaume Pictet Independent Non-Executive Director