(CercleFinance.com) – Barclays downgrades its recommendation on Pernod Ricard directly from ‘overweight’ to ‘underweight’, with a price target reduced from 241 to 168 euros, in a note dedicated to the group and its peer Rémy Cointreau, also downgraded to ‘underweight’. In the summary of its note, the broker highlights that ‘China has benefited from the…
(CercleFinance.com) – Pernod Ricard fell by more than 2% and was thus among the biggest decliners in the SBF120, penalized by comments from Barclays which downgraded its recommendation from ‘overweight’ to ‘underweight’, with an objective of price reduced from 241 to 168 euros. The broker points out that in China, the key consumer demographic of…
(CercleFinance.com) – Deutsche Bank reduced its price target on Pernod Ricard on Friday from 162 to 159 euros, while maintaining its ‘sell’ recommendation on the stock. If he points out that the annual results of the wine and spirits group came out above expectations in terms of organic growth, the analyst notes that both net…
(CercleFinance.com) – The Paris Stock Exchange ended this last session of August with a decline of 0.65%, to 7,316 points, penalized in particular by Pernod Ricard (-6.7%) as well as by the decline in luxury stocks with LVMH (-2.7%), Hermès (-1.6%), L’Oréal (-1%) and Kering (-0.8%). Over the past month, the Parisian index lost almost…
Published on 08/30/2023 at 6:18 p.m. Aug 30 (Reuters) – Pernod Ricard SA: * STRENGTHENS ITS GOVERNANCE AND DEVELOPS ITS ORGANIZATION * AN EXECUTIVE COMMITTEE REPLACES THE CURRENT EXECUTIVE BUREAU * PHILIPPE GUETTAT, CURRENTLY CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF PERNOD RICARD ASIA, IS APPOINTED EXECUTIVE VICE PRESIDENT…
(AOF) – Pernod Ricard announces several structural changes intended to strengthen its consumer-centric strategy, support its new phase of growth and thus continue its transformation begun in 2015. An Executive Committee will replace the current Executive Board. Composed of 9 members, it now includes the new Executive Vice-Presidents in charge of Brands and Markets, the…
(AOF) – Pernod Ricard and Kirin Brewery Company have signed an exclusive distribution agreement in continental Europe for FUJI, the highly regarded super-premium from the Kirin Brewery group. This agreement, effective since the beginning of July 2023, covers 13 European markets, including France, Italy, Poland and many countries in Central Europe. It may be extended…
(AOF) – Pernod Ricard and Kirin Brewery Company have signed an exclusive distribution agreement in continental Europe for FUJI, the highly regarded super-premium from the Kirin Brewery group. This agreement, effective since the beginning of July 2023, covers 13 European markets, including France, Italy, Poland and many countries in Central Europe. It may be extended…
Pernod Ricard : Citi, for purchase, is now targeting 136 euros, against 140 previously. Remy Cointreau : Morgan Stanley, to “underweight”, is also revising its price target downwards, from 140 to 136 euros. What stocks to buy? Making the best investments requires in-depth knowledge of the markets, their mechanisms, of the economy and involves diving…
JB.A. Published on 07/10/2023 at 10:55 Photo credit © Société Pernod-Ricard (Boursier.com) — Pernod Ricard fell 0.25% to 195.9 euros in the morning, in the red for the fourth consecutive session. The news around the spirits group is marked by a note…
Published on 06/23/2023 at 6:43 p.m. June 23 (Reuters) – Pernod Ricard SA announced on Friday: * PERNOD RICARD SIGNS A MEMORANDUM OF UNDERSTANDING FOR THE POTENTIAL SALE OF BLENDED SCOTCH WHISKEY CLAN CAMPBELL TO STOCK SPIRITS GROUP Original text on Eikon For more details, click on (Redaction…
(AOF) – Pernod Ricard, through its subsidiary Chivas Brothers Limited, announces the signing of a memorandum of understanding for the potential sale of its Clan Campbell blended scotch whiskey brand to Stock Spirits Group, after having received a binding offer of the liquors and spirits group. This transaction will first be the subject of an…
