PERNOD RICARD S/ADR (OTCMKTS:PDRDY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of PERNOD RICARD S/ADR (OTCMKTS:PDRDY) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

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. “

Separately, Sanford C. Bernstein upgraded shares of PERNOD RICARD S/ADR from an underperform rating to a market perform rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $38.00.



PDRDY stock opened at $36.45 on Wednesday. The firm has a 50 day moving average of $36.13 and a 200-day moving average of $35.73. PERNOD RICARD S/ADR has a 12 month low of $29.38 and a 12 month high of $39.02. The firm has a market capitalization of $48.37 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 3.38 and a beta of 0.44.

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.

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