Remy Cointreau : Q3: Cognac business bounces back by 33%, driven by the US and China
>This momentum should shore up the share price - Our Reduce rating is based on the fact that we consider the stock overvalued, even though the company’s status as an iconic brand keeps the stock trading at a premium over its peers and always has done. The solid sales momentum generated in Q3 (with cognac sales rebounding 2x more strongly than expected) combined with the stock’s recent underperformance (-3% over 3M vs +10% and +9% for Diageo and Pernod Ricard respectiv...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.