Pernod Ricard (EPA:RI) Shares Pass Above 200 Day Moving Average of $162.29

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Pernod Ricard SA (EPA:RI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $162.29 and traded as high as $167.70. Pernod Ricard shares last traded at $162.20, with a volume of 626,023 shares trading hands.

A number of equities analysts have issued reports on RI shares. Sanford C. Bernstein set a €178.00 ($206.98) price objective on Pernod Ricard and gave the stock a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. set a €185.00 ($215.12) target price on shares of Pernod Ricard and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Jefferies Financial Group set a €160.00 ($186.05) price target on shares of Pernod Ricard and gave the stock a “neutral” rating in a research note on Thursday, August 29th.

The stock’s 50 day simple moving average is €164.77 and its two-hundred day simple moving average is €162.48.

About Pernod Ricard (EPA:RI)

Pernod Ricard SA is a France-based company engaged in the manufacture, purchase and sale of all wines, spirits and liqueursl and food products. The Company operates through three segments: America, Europe and Asia/Rest of World (ROW). It is engaged in trading in finished or semi-finished products, by-products and substitutes generated by the main operations carried out in the distilleries or other industrial establishments of the same type.

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