Pernod Ricard (OTCMKTS:PDRDF) Trading Down 2.5% – What’s Next?

Shares of Pernod Ricard SA (OTCMKTS:PDRDF) dropped 2.5% during trading on Monday . The company traded as low as C$68.25 and last traded at C$68.25. 37,421 shares were traded during trading, an increase of 664% from the average session volume of 4,898 shares. The stock had previously closed at C$70.00.

Analysts Set New Price Targets

Separately, Barclays reissued an “overweight” rating on shares of Pernod Ricard in a research report on Friday, August 28th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Pernod Ricard presently has a consensus rating of “Reduce”.

Pernod Ricard Stock Performance

The stock has a 50 day simple moving average of C$74.64 and a 200 day simple moving average of C$74.55.

About Pernod Ricard

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.