Pernod Ricard, FR0000120693

Pernod Ricard stock: RBC raises target to EUR 71.00 for Pernod Ricard stock

Published on 10/20/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter sales fell 0.9 percent. Pernod Ricard stock costs EUR 67.23 on October 20, 2026, minus 0.13 percent versus the Xetra close.

Analyst target and sales

RBC raised its target from EUR 69.00 to EUR 71.00 on October 19, 2026.
First-quarter sales totaled EUR 2.23 billion, with organic sales down 0.90 percent on October 15, 2026.
Pernod Ricard stock costs EUR 67.23 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST, minus 0.13 percent below the Xetra close of October 19, 2026 and 25.52 percent below the 52-week high.
The tender offer runs through October 27, 2026, with results expected on October 28, 2026.

Bauhaus-style geometric poster featuring an abstract stylized spirits decanter in gold and bordeaux — Pernod Ricard FR0000120693 — Bauhaus poster with geometric gold-bordeaux-white decanter and SPIRITS PARIS text, Illustration mit AI erstellt.

Pernod Ricard (ISIN FR0000120693) is facing a new analyst benchmark after RBC kept its Market-Perform rating and raised its target from EUR 69.00 to EUR 71.00 on October 19, 2026, as Bourse Direct reported. At Lang & Schwarz, the stock was trading at EUR 67.23 on October 20, 2026 at 4:32 p.m. CEST, down 0.13 percent versus the Xetra close of October 19, 2026 at EUR 67.32.

RBC target leaves limited upside

The new target is EUR 3.77 above the Lang & Schwarz price, equal to 5.61 percent upside from EUR 67.23. RBC's unchanged rating therefore places the emphasis on execution rather than a broad change in its view of the spirits maker.

The analyst also expects organic sales to contract 0.20 percent for the full fiscal year, while pointing to uncertainty around the recovery of the spirits market and the group's deleveraging path, according to Bourse Direct.

First-quarter sales show uneven recovery

Pernod Ricard reported first-quarter fiscal 2027 sales of EUR 2.23 billion on October 15, 2026, with organic net sales down 0.90 percent and reported sales down 6.30 percent, according to the company's Pernod Ricard release. India grew 19.00 percent, while sales declined 10.00 percent in the United States and 25.00 percent in China.

Reuters reported that the organic decline was smaller than the 1.70 percent fall expected in the company-compiled analyst poll. Pernod Ricard maintained its expectation for broadly stable organic net sales in fiscal 2027, while its medium-term plan targets average growth near the lower end of a 3.00 percent to 6.00 percent range through fiscal 2029, according to Reuters.

Price sits below the yearly high

The stock is EUR 22.97 below its 52-week high of EUR 90.20 and EUR 9.33 above its 52-week low of EUR 57.90, based on the October 20, 2026 quote. Pernod Ricard's market capitalization is EUR 16.9 billion, and its price-to-earnings ratio is 14.24.

Trading volume stood at 803 shares in the primary-market quote at 12:32 p.m. CEST on October 20, 2026. The price position remains materially below the yearly high even after the target increase.

Debt offer sets the next dates

Pernod Ricard launched a tender offer on October 20, 2026 for seven note series maturing between September 2027 and November 2032. The company also intends to issue new undated deeply subordinated euro notes to manage its capital structure and redemption profile, according to its Pernod Ricard release.

The offer closes on October 27, 2026 at 4:00 p.m. Paris time, and the results are expected on October 28, 2026. The next scheduled corporate date is the shareholders' annual general meeting on November 20, 2026, followed by first-half fiscal 2027 results on February 18, 2027.

Comparison with peers

Pernod Ricard: minus 0.13 percent versus the Xetra close, price-to-earnings ratio 14.24, market capitalization EUR 16.9 billion.
Diageo: minus 0.34 percent, price-to-earnings ratio 30.16, market capitalization GBP 39.1 billion (LSE).
Remy Cointreau: plus 0.96 percent, price-to-earnings ratio 33.63, market capitalization EUR 2.7 billion (Euronext Paris).

Stock position after the target rise

At Lang & Schwarz, Pernod Ricard was trading at EUR 67.23 on October 20, 2026 at 4:32 p.m. CEST, minus 0.13 percent versus the Xetra close of October 19, 2026 at EUR 67.32. The quote was 25.52 percent below the 52-week high of EUR 90.20.

The further course of trading is shown by the continuously updated real-time quote of Pernod Ricard stock.