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. “
Several other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein raised shares of PERNOD RICARD S/ADR from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. ValuEngine cut shares of PERNOD RICARD S/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised shares of PERNOD RICARD S/ADR from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.00.
About PERNOD RICARD S/ADR
Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine's, Beefeater, Chivas Regal, Kahlúa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.
Recommended Story: Bollinger Bands
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PERNOD RICARD S/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PERNOD RICARD S/ADR and related companies with MarketBeat.com's FREE daily email newsletter.