30% Down in One Year: Pernod Ricard Share Recovers 1.5% Above Its Floor Level
The spirits group is emerging from the torpor weighing on its stock since the publication of its annual results in late August. The security ranks in the top half of the CAC 40, in a Paris market that is advancing. This recovery comes after a prolonged decline and at a distance from medium-term technical benchmarks.
A rebound that leaves the stock far from its moving averages
The stock gains 1.65% to €59.14 while the CAC 40 advances 0.38%, a movement approximately 4.3 times greater than that of the index. However, the magnitude of the recent decline puts the upturn into perspective: the stock is still down 4.47% over one month and nearly 30% over one year. The spirits group remains below its three moving averages, with a gap of 1.29% below the MA20 (€59.77) and 12.84% below the MA200 (€67.69).
The stock is thus approaching its MA20, a first threshold that recent rebounds had not broken through, while the RSI at 36 remains below the neutral zone. This movement follows the breakdown of support at €58.72 on September 29, which had marked the security at a multi-year low. The current price is evolving slightly above this level, which the stock tested before recovering.
A sector under pressure and prudence displayed by the group
The context remains mixed for French spirits exporters: cognac exports fell 10.9% in value according to the latest annual sector report, and those for all spirits declined 6.5%. For its part, management adopted a cautious tone when publishing annual results on August 27, 2026, anticipating overall stable organic revenue growth over the full fiscal year, in an environment it deems mixed and uncertain. The security is further penalized by a market climate dominated by tension over French debt: the 10-year OAT stands at 4.72% on October 6, 1.27 points away from the Bund.
The CAC 40 nevertheless advances during the session. The resistance threshold at €69.00, close to the MA200, remains the long-term benchmark for a potential consolidation of this rebound.
