Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have received a consensus rating of “Reduce” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.20.

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

Treasury Wine Estates Stock Performance

OTCMKTS:TSRYY opened at $3.25 on Friday. Treasury Wine Estates has a 12-month low of $2.25 and a 12-month high of $5.55. The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.15.

Treasury Wine Estates Company Profile

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.