Who says the stock market doesn’t like uncertainty?
The French CAC 40 index rose from 117.24 points to close the session at 4,922.85 points.
The Paris stock exchange rose considerably. After the vote in the United States elections last week and while waiting for the official result of the American vote.
Pernod Ricard, the French spirits group and the world’s number two, also benefited from a rise. 145.85, up 2.42%.
After the strong growth recorded in recent weeks, it seems appropriate to anticipate a phase of correction in Pernod Ricard’s share price. Little by little, resistance is approaching the 150.05 euro mark.
Pernod Ricard’s highs and lows
The company generates high margins and seems to be very profitable.
The visibility of the group’s future activities is excellent. The analysts covering the file have very similar opinions about the company’s future revenues. This low dispersion of estimates confirms the good predictability of revenues for both the current and the next year.
However, the share is currently in contact with a medium-term resistance of around 150.05 euros. This will have to be overcome in order to have a new potential for progression.
Don’t drink and drive. Enjoy responsibly.