Sanford C. Bernstein Reaffirms Market Perform Rating on Pernod Ricard SA (RI)
Pernod Ricard SA (EPA: RI)‘s stock had its “market perform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Tuesday. They currently have a $121.79 (€95) target price on the stock.
Pernod Ricard SA traded up 2.00% on Tuesday, hitting €85.01. Pernod Ricard SA has a 1-year low of €63.77 and a 1-year high of €91.11. The company has a market cap of €22.401 billion and a price-to-earnings ratio of 19.29.
A number of other firms have also recently commented on RI. Analysts at RBC Capital upgraded shares of Pernod Ricard SA to an “outperform” rating in a research note to investors on Tuesday, November 13th. They now have a $115.19 price target on the stock. Separately, analysts at CIC Securities reiterated a “hold” rating on shares of Pernod Ricard SA in a research note to investors on Monday, November 12th. They now have a $105.06 price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Pernod Ricard SA in a research note to investors on Thursday, November 1st. They now have a $114.94 price target on the stock.
Pernod Ricard SA is a France-based producer and distributor of spirits and wines. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines.
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