Pernod Ricard: Oddo still a buyer
(CercleFinance.com) - Oddo confirms its Outperform rating on Pernod Ricard shares, with a target price of 217 euros.
Trading at a 2023 P/E close to 20x, Pernod Ricard remains the most accessible core holding in the broker's coverage, while its outlook enables it to anticipate strong earnings growth, which is relatively secure, despite the uncertain macroeconomic context, the analyst says.
While management did not give any figures on the outlook for the current financial year, Oddo notes that the tone was very confident, with the qualitative indications very reassuring.
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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.
Trading at a 2023 P/E close to 20x, Pernod Ricard remains the most accessible core holding in the broker's coverage, while its outlook enables it to anticipate strong earnings growth, which is relatively secure, despite the uncertain macroeconomic context, the analyst says.
While management did not give any figures on the outlook for the current financial year, Oddo notes that the tone was very confident, with the qualitative indications very reassuring.
Copyright (c) 2022 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.