Pernod Ricard (OTCMKTS:PDRDF) Trading 2.4% Higher – Here’s What Happened

Shares of Pernod Ricard SA (OTCMKTS:PDRDF) were up 2.4% on Thursday . The stock traded as high as C$76.72 and last traded at C$76.72. Approximately 86 shares were traded during trading, a decline of 99% from the average daily volume of 5,940 shares. The stock had previously closed at C$74.89.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Pernod Ricard in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Pernod Ricard Trading Up 2.4%

The firm has a fifty day moving average price of C$74.48 and a 200-day moving average price of C$84.15.

Pernod Ricard Company Profile

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.