Treasury Wine Estates (OTCMKTS:TSRYY) Sets New 1-Year Low – Here’s What Happened

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.66 and last traded at $2.68, with a volume of 11407 shares. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Royal Bank Of Canada cut shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. Jefferies Financial Group cut Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price for the company. in a report on Wednesday, December 17th. Finally, UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

The firm’s 50 day moving average price is $3.41 and its two-hundred day moving average price is $3.88.

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.