Royal Bank of Canada Analysts Give Pernod Ricard (EPA:RI) a €169.00 Price Target

Pernod Ricard (EPA:RIGet Rating) has been given a €169.00 ($177.89) price target by investment analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, Borsen Zeitung reports. Royal Bank of Canada’s price objective would suggest a potential upside of 0.30% from the stock’s current price.

A number of other analysts also recently issued reports on RI. Sanford C. Bernstein set a €215.00 ($226.32) price objective on Pernod Ricard in a research report on Friday, May 27th. Berenberg Bank set a €235.00 ($247.37) target price on Pernod Ricard in a research report on Thursday, June 9th. UBS Group set a €196.00 ($206.32) target price on Pernod Ricard in a research report on Wednesday, June 8th. Jefferies Financial Group set a €224.00 ($235.79) target price on Pernod Ricard in a research report on Thursday, April 28th. Finally, Deutsche Bank Rese… set a €234.00 ($246.32) target price on Pernod Ricard in a research report on Thursday, June 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Pernod Ricard currently has an average rating of “Hold” and an average target price of €227.08 ($239.03).

Shares of EPA:RI traded down €1.15 ($1.21) during midday trading on Tuesday, reaching €168.50 ($177.37). 354,826 shares of the company’s stock were exchanged, compared to its average volume of 451,300. The firm’s 50 day simple moving average is €185.04 and its two-hundred day simple moving average is €193.05. Pernod Ricard has a fifty-two week low of €107.25 ($112.89) and a fifty-two week high of €136.25 ($143.42).

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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