Pernod Ricard (OTC:PRNDY) Stock Price Up 3% – What’s Next?

Shares of Pernod Ricard SA (OTC:PRNDY) were up 3% during trading on Wednesday . The company traded as high as $21.83 and last traded at $21.81. Approximately 685,087 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 450,588 shares. The stock had previously closed at $21.18.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PRNDY shares. Kepler Capital Markets upgraded shares of Pernod Ricard from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Barclays raised Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd.

Pernod Ricard Stock Up 3.0%

The company has a 50-day moving average price of $21.19 and a 200-day moving average price of $21.23. The company has a current ratio of 1.84, a quick ratio of 0.68 and a debt-to-equity ratio of 0.68.

Pernod Ricard Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 22nd. Investors of record on Wednesday, July 23rd will be issued a $0.4302 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a yield of 374.0%.

Pernod Ricard Company Profile

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P.