Pernod Ricard (OTCMKTS:PDRDF) Trading Up 5.1% – What’s Next?

Pernod Ricard SA (OTCMKTS:PDRDF)’s share price traded up 5.1% during trading on Thursday . The stock traded as high as C$93.43 and last traded at C$93.31. 808 shares traded hands during trading, a decline of 90% from the average session volume of 8,157 shares. The stock had previously closed at C$88.81.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane lowered Pernod Ricard to an “underperform” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Strong Sell”.

Pernod Ricard Stock Performance

The company’s 50 day moving average price is C$87.41 and its 200 day moving average price is C$98.28.

About Pernod Ricard

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.