Pernod Ricard (OTCMKTS:PDRDY) Rating Lowered to Underweight at Barclays

Pernod Ricard (OTCMKTS:PDRDY) was downgraded by equities researchers at Barclays from an “overweight” rating to an “underweight” rating in a research note issued to investors on Thursday, Briefing.com reports.

A number of other brokerages also recently commented on PDRDY. Morgan Stanley downgraded shares of Pernod Ricard from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 20th. HSBC downgraded Pernod Ricard from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $219.33.

Pernod Ricard Price Performance

OTCMKTS:PDRDY opened at $47.12 on Thursday. Pernod Ricard has a 1-year low of $34.68 and a 1-year high of $47.39. The firm has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $47.12.

Pernod Ricard Company Profile

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.