Pernod Ricard stock gets a higher target after weak FY26 sales
Published on 09/30/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Pernod Ricard stock faced a higher Deutsche Bank price target of EUR 63.00 on September 30, 2026, up from EUR 61.00, while the Hold rating stayed unchanged. The move came as the spirits group continued to absorb weaker demand in the United States and China.
Deutsche Bank lifts target
According to Zonebourse on September 30, 2026, Deutsche Bank lowered its organic sales-growth forecast for fiscal 2026/2027 to minus 0.30 percent from minus 0.10 percent. The bank also sees organic operating profit falling 2.40 percent in the fiscal year, compared with its previous estimate of a 2.10 percent decline.
Deutsche Bank increased its earnings-per-share estimates by 1.30 percent for fiscal 2026/2027, 1.90 percent for fiscal 2027/2028 and 2.00 percent for fiscal 2028/2029. The higher target therefore reflects currency support rather than a broad upgrade to the operating outlook.
FY26 sales remain under pressure
Pernod Ricard reported FY26 consolidated sales of EUR 9.404 billion for the year ended June 30, 2026. Organic sales fell 3.90 percent, while reported sales declined 14.20 percent, showing that currency and portfolio effects added to the underlying pressure.
Profit from recurring operations fell 5.20 percent organically to EUR 2.423 billion and 17.90 percent on a reported basis, according to the company's FY26 results. The figures leave the next operating checkpoint clearly defined: management is due to publish Q1 FY27 sales on October 15, 2026, at 7:30 a.m. CEST, according to Pernod Ricard.
Market value and next checkpoint
Pernod Ricard had a market capitalization of EUR 15.3 billion as of September 30, 2026. The valuation question now rests on whether the October sales update can show that the 3.90 percent organic decline is stabilizing before the group enters the next reporting phase.
Pernod Ricard stock facts
- Company: Pernod Ricard S.A.
- Ticker: RI
- Primary exchange: Euronext
- Market capitalization: EUR 15.3 billion (as of September 30, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
- Index membership: CAC 40
- Next earnings date: October 15, 2026
