Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives Consensus Rating of “Reduce” from Brokerages

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) has been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.20.

A number of equities analysts recently issued reports on TSRYY shares. The Goldman Sachs Group started coverage on shares of Treasury Wine Estates in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target for the company. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st.

Treasury Wine Estates Price Performance

TSRYY stock opened at $3.29 on Tuesday. Treasury Wine Estates has a 1 year low of $2.25 and a 1 year high of $5.55. The firm has a 50-day moving average of $3.13 and a 200 day moving average of $3.18.

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.