Treasury Wine Estates (OTCMKTS:TSRYY) Lowered to Strong Sell Rating by UBS Group

UBS Group lowered shares of Treasury Wine Estates (OTCMKTS:TSRYY) from a hold rating to a strong sell rating in a research report report published on Friday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target on the stock. in a research report on Wednesday, December 17th. Royal Bank Of Canada lowered shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Citigroup cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Treasury Wine Estates presently has an average rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Performance

TSRYY opened at $3.57 on Friday. The firm’s 50-day moving average price is $3.58 and its 200-day moving average price is $4.22. Treasury Wine Estates has a 52-week low of $3.17 and a 52-week high of $7.30.

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.