Analysts’ Recent Ratings Updates for PERNOD RICARD S/ADR (PDRDY)

Several brokerages have updated their recommendations and price targets on shares of PERNOD RICARD S/ADR (OTCMKTS: PDRDY) in the last few weeks:

  • 9/11/2020 – PERNOD RICARD S/ADR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “
  • 9/10/2020 – PERNOD RICARD S/ADR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “
  • 9/4/2020 – PERNOD RICARD S/ADR was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating.
  • 9/4/2020 – PERNOD RICARD S/ADR had its “hold” rating reaffirmed by analysts at Societe Generale.
  • 9/3/2020 – PERNOD RICARD S/ADR had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 9/3/2020 – PERNOD RICARD S/ADR had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 9/3/2020 – PERNOD RICARD S/ADR had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/1/2020 – PERNOD RICARD S/ADR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “
  • 8/17/2020 – PERNOD RICARD S/ADR was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
  • 7/29/2020 – PERNOD RICARD S/ADR was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating.
  • 7/24/2020 – PERNOD RICARD S/ADR was upgraded by analysts at UBS Group AG to a “neutral” rating.

OTCMKTS:PDRDY opened at $33.78 on Wednesday. PERNOD RICARD S/ADR has a 12 month low of $25.02 and a 12 month high of $38.29. The company’s 50 day moving average is $34.24 and its 200-day moving average is $31.55. The firm has a market cap of $44.83 billion, a price-to-earnings ratio of 28.15 and a beta of 0.49.

Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine's, Beefeater, Chivas Regal, KahlĂșa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.

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