Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Given Consensus Recommendation of “Reduce” by Analysts

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) has received an average recommendation of “Reduce” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.20.

Several research firms have recently weighed in on TSRYY. Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group started coverage on Treasury Wine Estates in a research report on Tuesday. They issued a “neutral” rating for the company. Finally, Zacks Research raised Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th.

Treasury Wine Estates Stock Performance

Shares of TSRYY stock traded down $0.05 during mid-day trading on Tuesday, hitting $3.19. The company’s stock had a trading volume of 34,961 shares, compared to its average volume of 266,073. The company’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $3.21. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $5.55.

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.