Pernod Ricard Drops 1.31% at Midday on Monday, January 26
Pernod Ricard falls 1.31% at midday on Monday, January 26, settling at 75.52 euros, after having increased last week. The stock remains under pressure ahead of the semi-annual results expected on February 19.
Current Trading Session
Pernod Ricard's stock shows a decline of 1.31% this Monday at midday, bringing the price to 75.52 euros. This correction follows the gains recorded in the middle of last week, with the stock having risen 2.75% last Wednesday to reach 76.18 euros. The low trading volumes, with only 0.02% of the capital traded, underscore the continued caution of investors in a context of high uncertainty. Technically, the stock is now slightly below the upper Bollinger band set at 76.78 euros, after briefly crossing it last week. The RSI at 58 remains in the neutral zone, indicating a fragile balance between buyers and sellers. The 50-day moving average, positioned at 76.19 euros, remains an immediate reference level, while the 200-day average at 87.70 euros confirms a longer-term downward trend. The resistance threshold at 76.90 euros has not been sustainably crossed, currently limiting the scope of the rebound from the support at 71.98 euros.
Analyst Recommendations
Analyst recommendations remain mixed for Pernod Ricard. MedioBanca issued a neutral recommendation in mid-January with a target price of 93 euros, representing an upside potential of 23% from the current level. Conversely, BNP Paribas Exane has rated the stock as underperforming with a target of 67 euros, implying a potential decline of 11%. The group is going through a transition phase marked by persistent tensions in its main markets. Sales dropped 27% in China and 16% in the United States in the first quarter of the fiscal year 2025-2026. Management anticipates a gradual improvement in the second half due to the normalization of American inventories and a recovery in cognac activity in Chinese airports. The publication of the semi-annual results on February 19 will be closely monitored to confirm or refute this recovery scenario.
