Pernod Ricard (OTCMKTS:PDRDY) Price Target Raised to €169.00

Pernod Ricard (OTCMKTS:PDRDYGet Rating) had its price objective upped by Royal Bank of Canada from €157.00 ($168.82) to €169.00 ($181.72) in a report published on Friday morning, The Fly reports. They currently have a sector perform rating on the stock.

A number of other research firms also recently issued reports on PDRDY. Credit Suisse Group boosted their price target on shares of Pernod Ricard from €215.00 ($231.18) to €217.00 ($233.33) and gave the company a neutral rating in a research note on Friday, April 1st. Barclays lifted their price objective on shares of Pernod Ricard from €233.00 ($250.54) to €243.00 ($261.29) in a report on Wednesday, January 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Pernod Ricard from €245.00 ($263.44) to €256.00 ($275.27) in a report on Wednesday, January 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $190.20.

Pernod Ricard stock opened at $47.12 on Friday. The company’s 50 day simple moving average is $47.12 and its 200-day simple moving average is $47.03. Pernod Ricard has a 1 year low of $34.68 and a 1 year high of $47.39.

About Pernod Ricard (Get Rating)

Pernod Ricard SA engages in the manufacture of wines, spirits, and non-alcoholic beverages. The firm offers products under the brands Absolut Vodka, Chivas Regal, Ballantine’s, Beefeater, Jameson, Kahlúa, Malibu, Ricard, Havana Club, Martell, Cognac, The Glenlivet, G.H. Mumm, Perrier-Jouët, Royal Salute, Brancott Estate, Graffigna, Campo Viejo, Jacob’s Creek, Kenwood, Pastis 51, 100 Pipers, ArArAt, Becherovka, Blenders Pride, Clan Campbell, Imperial, Seagram’s Imperial Blue, Olmeca, Passport Scotch, Amaro Ramazzotti, Ruavieja, Royal Stag, Seagram’s Gin, Something Special, Suze, Wiser’s, and Wyborowa.

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