2024-07-01 09:00:24 ET
Summary
- Analysts have a target price range of €133 to €210/share, with 9 out of 20 recommending a "BUY".
- Pernod Ricard is currently undervalued, trading at less than €131/share with a high yield and low P/E ratio.
- Company expects significant upside with over 80% potential increase until 2026E.
Dear subscribers,
A few months ago, I covered Pernod Ricard ( PRNDY ) - and I mean to do so again. You can find that article here. A few subscribers asked me whether the company was worth purchasing here - it has, after all, dropped more, and the current expectation is for Pernod Ricard to have a rather headwind-heavy 2024E. This has mistakenly (as I see it) resulted in a situation where the company is now trading at less than €131/share for the native, which means we're at a high yield and a low P/E of the company - despite the overall quality that we have when it comes to this business.
My investments in European companies at low valuations typically yield their dividends both in the form of dividend payments, but also in terms of capital appreciation. Most of my high-conviction plays over the past 2 years have gone fairly well - though there are some that have not yet reached their designated targets or levels, and I continue to put money to work in these businesses....
Read the full article on Seeking Alpha
For further details see:
More Table-Beating For Pernod Ricard, A 'Buy'