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Arnaud Autier ...
  • Pierre Tegner

Pernod Ricard : Abaissement des BPA de 5% principalement du fait des forex

>Surperformance maintenue et OC inchangé à 198 € - Nous maintenons notre opinion Surperformance sur le titre Pernod Ricard et laissons notre OC inchangé à 198 €. La sanction de marché ayant frappé le secteur des spiritueux n’a pas épargné Pernod Ricard dont le niveau de valorisation avoisine les 17x de PE NTM, soit une décote de 22% les staples (vs -12% sur les 10 dernières années) et de 20% vs sa moyenne 10 ans. Nous estimons qu’il constitue un point d’entrée attray...
Underlying
Pernod Ricard SA

Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Arnaud Autier

Pierre Tegner

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