Pernod Ricard (OTCMKTS:PRNDY) Shares Gap Up – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY) shares gapped up before the market opened on Friday . The stock had previously closed at $13.66, but opened at $14.36. Pernod Ricard shares last traded at $14.52, with a volume of 285,981 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRNDY. Barclays upgraded Pernod Ricard from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, BNP Paribas Exane downgraded shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Pernod Ricard has a consensus rating of “Buy”.

Pernod Ricard Stock Up 9.4%

The business has a 50-day moving average of $17.72 and a 200-day moving average of $18.54. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.91 and a quick ratio of 0.60.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.