Home > Analyse
Actualite financiere : Actualite bourse

Pernod Ricard: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains "hold" rating on the Pernod Ricard share, which it deems to be "fairly valued", although has raised its corresponding target price from 160 euros to 175 euros, the day after the French spirits group published its FY results.

"The business is in a good place with operating leverage now visible and higher capital returns," the broker says: the guidance of 5%-7% has been set conservatively given the "particularly" uncertain environment.

Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.