Jefferies cuts target to CHF 200 for Richemont stock
Published on 10/13/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Jefferies cut its Richemont price target from CHF 220 to CHF 200 on October 8, 2026, while keeping a Buy rating.
- Richemont reported first-quarter fiscal 2027 sales of EUR 6.3 billion, up 20.00 percent at constant rates.
- Richemont stock stood at EUR 181.48 at Lang & Schwarz on October 13, 2026 at 10:13 a.m. CEST.
- Richemont is scheduled to publish fiscal 2027 interim results on November 13, 2026.
Jefferies cut its Richemont price target from CHF 220 to CHF 200 for the luxury group on October 8, 2026, while keeping a Buy rating. The target reduction came ahead of Richemont's fiscal second-quarter results, with analyst James Grzinic expecting slower organic growth but better profitability, according to FinanzNachrichten.
Three figures define the year
On May 22, 2026, Richemont reported sales of EUR 22.4 billion for the fiscal year ended March 31, 2026, up 11.00 percent at constant exchange rates, alongside operating profit of EUR 4.5 billion, according to Richemont.
On July 15, 2026, the group reported first-quarter fiscal 2027 sales of EUR 6.3 billion, up 20.00 percent at constant rates, with its Jewellery Maisons growing 24.00 percent, per Richemont. That sequence puts the analyst debate in a precise frame: the latest reported growth was strong, while the October 8 target cut focused on the pace ahead rather than a change in the Buy rating.
On October 8, 2026, Jefferies moved its target from CHF 220 to CHF 200. The new target remains CHF 200 above the latest primary-market price cited in the analyst coverage, but the currencies and venues are different from the euro quote used for the German investor perspective.
What does the target cut mean?
The main counterweight is Richemont's profitability outlook. Jefferies expects easing pressure from input costs and foreign-exchange effects to support profitability even as organic growth slows, according to FinanzNachrichten. Richemont's fiscal 2026 operating profit was EUR 4.5 billion, while first-quarter fiscal 2027 sales reached EUR 6.3 billion, so growth and margin direction will be read together.
Next reporting date
Richemont is scheduled to announce fiscal 2027 interim results for the six months ended September 30, 2026, on November 13, 2026, according to Chronopin. The release is the next dated test of whether the 20.00 percent first-quarter sales growth has continued into the second quarter.
Richemont stock price on October 13
Richemont stock was trading at EUR 181.48 at Lang & Schwarz on October 13, 2026 at 10:13 a.m. CEST. The primary listing is on SIX in CHF, where the latest structured quote showed CHF 169.05 at 10:05 a.m. CEST on the same date, with a 52-week range of CHF 127.20 to CHF 202.20 and market capitalization of CHF 99.4 billion. The further course of trading is shown by the continuously updated real-time quote of Richemont stock.
Richemont stock facts
- Company: Compagnie Financière Richemont S.A.
- ISIN: CH0210483332
- WKN: A1W5CV
- Ticker: CFR.SW
- Primary exchange: SIX
- Price Lang & Schwarz as of October 13, 2026, 10:13 a.m. CEST: EUR 181.48
- Market capitalization: CHF 99.4 billion (as of October 13, 2026)
- 52-week range: CHF 127.20-202.20 (as of October 13, 2026)
- Sector / Industry: Consumer Cyclical / Luxury Goods
- Index membership: SMI
- Next earnings date: November 13, 2026
Market context: Market report SMI.
