Pernod Ricard (OTCMKTS:PRNDY) Shares Gap Up – Here’s Why

Pernod Ricard SA (OTCMKTS:PRNDY) shares gapped up prior to trading on Friday. The stock had previously closed at $14.71, but opened at $15.30. Pernod Ricard shares last traded at $15.2140, with a volume of 2,945 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Pernod Ricard Stock Down 1.0%

The firm’s 50 day simple moving average is $14.40 and its two-hundred day simple moving average is $14.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.47 and a quick ratio of 0.78.

About Pernod Ricard

Pernod Ricard is a France-based international beverage company that produces, distributes and markets a broad portfolio of wines and spirits. Its offerings include whiskey, vodka, rum, gin, cognac, champagne, sparkling wine, tequila, liqueurs and anise-flavored spirits.

The company’s brand portfolio includes Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s, Royal Salute and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagnes, and Ricard pastis.