Pernod Ricard stock breaks through resistance at €66.60 following quarterly sales figures

Resistance broken through and price above its three moving averages

Pernod Ricard stock gains 2.55% to €68.30 and ranks among the strongest gainers of the CAC 40, which advances 0.31% at the same time. During the session, the security broke above its resistance level of €66.60 and is holding there, with the last price at €68.40. The session extends a rebound of 11.78% over seven days, which now brings the price above its MA200 (€67.27, difference of 1.53%) after having kept it sustainably below.

The RSI at 69 signals a configuration close to overbought, while the next resistance is located at €70.32. Rémy Cointreau, another French spirits value, gains 2.48% this Friday following a month at +18.54%.

Following a 0.9% decline in sales, two price target adjustments

First quarter revenue, published on October 15, amounts to €2,234 million, down 0.9% on an organic basis. The United States (-10%) and China (-25%) weighed on results, with the group citing expected inventory adjustments, while the rest of the world advances 4% and the group's volumes gain 6%. Following this, UBS raises its price target from €68 to €70 while maintaining a "hold" rating, and Mediobanca raises it from €80 to €81 with a neutral opinion.

The stock thus trades slightly above UBS's target, while Mediobanca's target leaves a potential of approximately 18.6% relative to the current price. The group, which qualifies the environment as contrasted and uncertain, has also announced a cost-saving plan of €1 billion between fiscal year 2026 and 2028. The detailed analysts' opinions can be found on the analysts' consensus page.