Pernod Ricard SA (PDRDY) Rating Increased to Strong-Buy at Zacks Investment Research
Pernod Ricard SA (OTCMKTS:PDRDY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $25.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 15.42% from the company’s previous close.
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. “
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Pernod Ricard SA from a “neutral” rating to an “underweight” rating in a research note on Wednesday, August 24th. Jefferies Group upgraded shares of Pernod Ricard SA from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th.
Shares of Pernod Ricard SA (OTCMKTS:PDRDY) opened at 21.66 on Tuesday. The firm’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Pernod Ricard SA has a 1-year low of $20.39 and a 1-year high of $24.10.
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