Pernod Ricard : Consensus now forecasts miss on organic growth guidance for 2023-24e
>Outperform rating maintained with unchanged target price of € 198 - We maintain our Outperform rating on the stock and our target price of € 198. Over the long term, we are confident on the fundamentals of the group, as a diversified pure player capable of delivering EPS growth of around +7-8% over the long run. The valuation, at 16x for the NTM P/E, is very attractive in absolute terms (-23% discount vs 10-year average) and in relative terms (-12% discount vs staple...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.
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.
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