The recent downward movement has sent Pernod Ricard shares back to attractive levels situated around 152.35 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 170.
Strengths
The share is getting closer to its long-term support in weekly data, at EUR 153.6, which offers good timing for buyers.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
The company returns high margins, thereby supporting business profitability.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Weaknesses
The company is in debt and has limited leeway for investment
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
The company's enterprise value to sales, at 4.97 times its current sales, is high.
Disclaimer:
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.
Canada
Deutschland
España
France
Italia
Schweiz (DE)
United Kingdom
Report
