Pernod Ricard SA (OTCMKTS:PDRDY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pernod Ricard SA (OTCMKTS:PDRDY – Get Rating) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $206.75.

A number of equities research analysts recently commented on PDRDY shares. Deutsche Bank Aktiengesellschaft lowered their price target on Pernod Ricard from €198.00 ($210.64) to €191.00 ($203.19) and set a “hold” rating for the company in a research report on Wednesday, January 4th. Credit Suisse Group raised Pernod Ricard from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 15th. Finally, Barclays decreased their target price on Pernod Ricard from €265.00 ($281.91) to €264.00 ($280.85) and set an “overweight” rating for the company in a research report on Thursday, January 5th.

Pernod Ricard Price Performance

OTCMKTS PDRDY opened at $47.12 on Friday. The business has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $47.12. Pernod Ricard has a 12 month low of $34.68 and a 12 month high of $47.39.

About Pernod Ricard

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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.