Pernod Ricard (EPA:RI) Stock Crosses Above Two Hundred Day Moving Average of $176.27

Pernod Ricard SA (EPA:RI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €176.27 ($207.38) and traded as high as €186.00 ($218.82). Pernod Ricard shares last traded at €186.00 ($218.82), with a volume of 513,831 shares changing hands.

A number of brokerages have issued reports on RI. The Goldman Sachs Group set a €205.00 ($241.18) price objective on shares of Pernod Ricard in a research note on Tuesday, September 7th. Jefferies Financial Group set a €225.00 ($264.71) price objective on Pernod Ricard in a report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft set a €220.00 ($258.82) target price on Pernod Ricard and gave the stock a “buy” rating in a report on Thursday, June 24th. Morgan Stanley set a €205.00 ($241.18) price target on Pernod Ricard in a research note on Thursday, July 8th. Finally, Sanford C. Bernstein set a €193.00 ($227.06) price objective on shares of Pernod Ricard in a report on Wednesday, September 1st. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of €201.50 ($237.06).

The company has a 50 day simple moving average of €183.61 and a 200 day simple moving average of €176.47.

Pernod Ricard Company Profile (EPA:RI)

Pernod Ricard SA produces and sells wines and spirits worldwide. Its brands include Absolut Vodka, Ricard pastis, Ballantine's, Chivas Regal, Royal Salute, The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm, and Perrier-Jouët champagnes, as well Jacob's Creek, Brancott Estate, Campo Viejo, and Kenwood wines.

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