Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) shares dropped 6.9% during mid-day trading on Wednesday . The company traded as low as $2.96 and last traded at $2.96. Approximately 515 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 472,520 shares. The stock had previously closed at $3.18.
Analysts Set New Price Targets
Several analysts recently issued reports on TSRYY shares. Jefferies Financial Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target on the stock. in a report on Wednesday, December 17th. Citigroup lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada cut Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.20.
Check Out Our Latest Stock Report on TSRYY
Treasury Wine Estates Trading Down 3.6%
About Treasury Wine Estates
Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.
The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.
Featured Articles
- Five stocks we like better than Treasury Wine Estates
- CSE: ALEN.U is targeting a fast-growing digital wellness market
- New Copper-Rich “Kraken” Zone Discovered
- BNZI stands out as a Zacks Buy. Earnings momentum and analyst upgrades align
- This coin has everything going for it
- America’s 1776 happening again
Receive News & Ratings for Treasury Wine Estates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Treasury Wine Estates and related companies with MarketBeat.com's FREE daily email newsletter.
