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

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

A number of brokerages have commented on TSRYY. Zacks Research raised Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 target price for the company.

Treasury Wine Estates Trading Down 2.1%

Shares of OTCMKTS TSRYY opened at $3.25 on Friday. The business’s 50 day moving average is $3.16 and its 200-day moving average is $3.15. Treasury Wine Estates has a 1-year low of $2.25 and a 1-year high of $5.55.

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.