Treasury Wine Estates (OTCMKTS:TSRYY) Reaches New 1-Year Low – Here’s Why

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.05 and last traded at $3.0660, with a volume of 4451 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSRYY. Citigroup cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada lowered Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target for the company. in a report on Wednesday, December 17th. Finally, UBS Group lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Price Performance

The firm’s 50-day moving average is $3.51 and its two-hundred day moving average is $4.03.

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.