Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $2.28 and last traded at $2.28. 5,979 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 428,127 shares. The stock had previously closed at $2.41.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. UBS Group cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada downgraded shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Jefferies Financial Group lowered Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price objective for the company. in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.20.
Get Our Latest Analysis on TSRYY
Treasury Wine Estates Stock Performance
About Treasury Wine Estates
Treasury Wine Estates is a Melbourneābased 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.
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