Pernod Ricard (PDRDY) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Pernod Ricard (OTCMKTS:PDRDY) from a hold rating to a buy rating in a research report released on Thursday morning. They currently have $33.00 target price 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. “
A number of other equities research analysts have also recently commented on the company. Macquarie upgraded Pernod Ricard from a neutral rating to an outperform rating in a research note on Wednesday, September 6th. Kepler Capital Markets initiated coverage on Pernod Ricard in a research note on Friday, July 7th. They set a buy rating on the stock.
Pernod Ricard (OTCMKTS PDRDY) opened at $29.96 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Pernod Ricard has a fifty-two week low of $20.27 and a fifty-two week high of $30.25.
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About Pernod Ricard
Pernod Ricard SA produces and sells wines and spirits in Europe, the Americas, Asia, and internationally. The company offers liqueurs, sparkling wines, brandy, tequila, rum, vodka, bitters, gin, cognac, anise-based spirits, wine-based aperitifs, champagne, whisky, and ouzo. Its brand portfolio includes Absolut Vodka and Chivas Regal; Ballantines, Beefeater, Jameson, Kahlúa, Malibu, Ricard, and Havana Club; Martell Cognac, G.H.Mumm, The Glenlivet, Perrier-Jouët, and Royal Salute; and Brancott Estate, Graffigna, Campo Viejo, Jacob's Creek, and Kenwood.
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