Pernod Ricard (EPA:RI) Given a €235.00 Price Target at Berenberg Bank

Pernod Ricard (EPA:RI – Get Rating) received a €235.00 ($252.69) price target from research analysts at Berenberg Bank in a note issued to investors on Thursday, Borsen Zeitung reports. Berenberg Bank’s target price suggests a potential upside of 32.88% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Sanford C. Bernstein set a €215.00 ($231.18) price objective on shares of Pernod Ricard in a research note on Friday, May 27th. Morgan Stanley set a €240.00 ($258.06) target price on shares of Pernod Ricard in a research report on Tuesday, February 15th. JPMorgan Chase & Co. set a €250.00 ($268.82) target price on shares of Pernod Ricard in a research report on Wednesday. Royal Bank of Canada set a €169.00 ($181.72) target price on shares of Pernod Ricard in a research report on Wednesday. Finally, The Goldman Sachs Group set a €241.00 ($259.14) target price on shares of Pernod Ricard in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Pernod Ricard has an average rating of “Hold” and an average target price of €227.08 ($244.17).

Shares of Pernod Ricard stock traded down €0.40 ($0.43) on Thursday, reaching €176.85 ($190.16). The stock had a trading volume of 414,593 shares, compared to its average volume of 451,300. The business’s 50-day moving average price is €189.00 and its two-hundred day moving average price is €195.06. Pernod Ricard has a fifty-two week low of €107.25 ($115.32) and a fifty-two week high of €136.25 ($146.51).

About Pernod Ricard (Get Rating)

Pernod Ricard SA produces and sells wines and spirits worldwide. It offers its products under various brands. The company was founded in 1805 and is headquartered in Paris, France.

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