Pernod Ricard consensus stays cautious, shares tracked against Diageo and Campari

Pernod Ricard sits in focus this Tuesday with a clear analyst consensus and sector comparison. The French spirits group faces mixed ratings and muted growth expectations as investors benchmark the shares against Diageo and Campari.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-24, 08:30.

Pernod Ricard (FR0000130577) draws attention this Tuesday with a stable but cautious analyst picture around its Euronext Paris listing. The spirits group behind brands such as Absolut and Jameson is assessed against Diageo and Campari with mixed ratings and muted growth expectations, according to recent consensus data.

What the analysts are saying

According to consensus figures compiled by MarketScreener, around 25 analysts cover Pernod Ricard, with a majority rating the stock Hold and a smaller group recommending Buy, reflecting a cautious stance on the shares compared with previous years. MarketScreener consensus overview for Pernod Ricard The average 12-month price target implies only limited upside from current levels, underlining the muted expectations for near-term re-rating.

UBS remains among the more neutral voices on the stock, highlighting a challenging volume backdrop in the United States and China but also acknowledging solid pricing power in premium segments. UBS research commentary on European beverages Other houses, including Deutsche Bank and JPMorgan, stress that organic sales growth in the low- to mid-single-digit range leaves limited room for multiple expansion as long as demand in key markets remains subdued.

Consensus on earnings and growth

For the current 2025/26 financial year, analysts expect Pernod Ricard to generate organic sales growth of roughly 3 to 4 percent and a modest improvement in operating margin, based on published consensus figures. Company-published analyst consensus for Pernod Ricard Earnings per share are forecast to rise at a similar low- to mid-single-digit rate, reflecting moderate operating leverage.

Free cash flow is anticipated to stay robust, aided by disciplined capital expenditure and ongoing portfolio management, which underpins the dividend and selective share buybacks. Several analysts note that the valuation premium to the broader European staples sector has narrowed, but they see the current multiple as fair relative to the expected growth profile and exposure to mature markets.

The brands behind the numbers

Pernod Ricard generates most of its revenue from a broad portfolio of international spirits brands, including Absolut vodka, Jameson Irish whiskey, Chivas Regal Scotch and Martell cognac. The group also sells Havana Club rum and a range of wines and champagnes, targeting premium and super premium price segments worldwide.

Where the stock trades today

The Pernod Ricard shares (FR0000130577) last traded on Euronext Paris at around 150 euros on 2026-06-24, 08:30, positioning the company among the larger European consumer staples names by market capitalization.

Key data on the Pernod Ricard shares

• Company: Pernod Ricard S.A.
• ISIN: FR0000130577
• WKN: 853373
• Ticker: RI
• Trading venue: Euronext Paris
• Price (as of 2026-06-24, 08:30): 150 EUR
• Market cap: 37.0 billion EUR (as of 2026-06-24)
• Sector / industry: Consumer Staples / Beverages - Alcoholic
• Index membership: CAC 40
• Next earnings date: not officially scheduled

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data are based on sources believed to be reliable but cannot be guaranteed.