Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) shot up 8.1% on Tuesday . The stock traded as high as $3.61 and last traded at $3.61. 191 shares were traded during mid-day trading, a decline of 100% from the average session volume of 997,927 shares. The stock had previously closed at $3.34.
Analyst Ratings Changes
Several research analysts recently commented on TSRYY shares. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price objective for the company. in a research note 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 report on Thursday, December 18th. UBS Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Citigroup lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.20.
Check Out Our Latest Stock Report on Treasury Wine Estates
Treasury Wine Estates Stock Up 2.2%
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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