Pernod Ricard (OTCMKTS:PDRDF) Trading Down 1.3% – What’s Next?

Pernod Ricard SA (OTCMKTS:PDRDF) shares fell 1.3% during mid-day trading on Monday . The company traded as low as C$104.50 and last traded at C$106.60. 76 shares were traded during mid-day trading, a decline of 96% from the average session volume of 2,016 shares. The stock had previously closed at C$108.00.

Analysts Set New Price Targets

Separately, Morgan Stanley cut Pernod Ricard from an “overweight” rating to an “underweight” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Pernod Ricard Stock Performance

The business has a 50 day moving average of C$110.80 and a 200 day moving average of C$105.66.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P.