Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) dropped 5.4% during trading on Thursday . The stock traded as low as $2.28 and last traded at $2.28. Approximately 5,979 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 428,127 shares. The stock had previously closed at $2.41.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on TSRYY shares. Jefferies Financial Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price on the stock. in a research note on Wednesday, December 17th. Citigroup lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. UBS Group cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, 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. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.20.
Read Our Latest Analysis on TSRYY
Treasury Wine Estates Stock Down 5.8%
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.
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