Pernod Ricard (OTCMKTS:PDRDF) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Pernod Ricard SA (OTCMKTS:PDRDF) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$77.14 and traded as high as C$78.11. Pernod Ricard shares last traded at C$78.11, with a volume of 254 shares.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “overweight” rating on shares of Pernod Ricard in a report on Friday, August 28th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Pernod Ricard Stock Up 5.1%

The business has a fifty day moving average of C$71.45 and a 200-day moving average of C$77.05.

About Pernod Ricard

Pernod Ricard is a French multinational spirits and wine company formed in 1975 through the merger of Pernod and Ricard. Headquartered in Paris, it produces and markets a portfolio of international and local beverage brands.

Its products include vodka, whiskey, cognac, rum, gin, liqueurs, champagne and wine. Well-known brands in its portfolio include Absolut, Jameson, Chivas Regal, Ballantine’s, Martell, Havana Club, Beefeater, Malibu and Mumm.

Pernod Ricard serves consumers in markets around the world through a network of local operations and distribution partners.