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

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have been assigned an average rating of “Reduce” from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.20.

A number of brokerages recently issued reports on TSRYY. The Goldman Sachs Group began coverage on Treasury Wine Estates in a research report on Tuesday. They set a “neutral” rating on the stock. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Zacks Research raised Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th.

Treasury Wine Estates Price Performance

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

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.