Pernod Ricard: UBS still on hold
(CercleFinance.com) - UBS confirms its neutral rating on the Pernod Ricard stock with a target price of 199 euros.
Analysts expect organic sales growth of 7.9% in Q1 2023.
The French spirits group's sales rose by 21% to 10.7 billion euros in FY2021-22, including organic growth of 17%, with double-digit growth in all regions and categories, except for strategic wines
(-4%).
For FY 2022-23, the group expects dynamic and diversified revenue growth, along with the implementation of a share buyback program of 500-750 million euros, in line with the priorities defined in its financial policy.
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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.
Analysts expect organic sales growth of 7.9% in Q1 2023.
The French spirits group's sales rose by 21% to 10.7 billion euros in FY2021-22, including organic growth of 17%, with double-digit growth in all regions and categories, except for strategic wines
(-4%).
For FY 2022-23, the group expects dynamic and diversified revenue growth, along with the implementation of a share buyback program of 500-750 million euros, in line with the priorities defined in its financial policy.
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.