Report
Pierre Tegner

Pernod Ricard : Q3 expected to be down before a catch-up in Q4: US, China, India

>Cheapest of the quality stocks in the Food Spirits HPC universe in Europe & US - Outperform rating maintained with a target price of € 217. The share has posted a fine performance YTD with a gain of +13% and +17% over the last 6 months. But it is in line with the average for our panel of 40 Food Spirits HPC stocks in Europe and the US over the last 6 months. And the share has merely made up its discount vis-à-vis Diageo in terms of P/E NTM due to their different exp...
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
Pierre Tegner

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