Treasury Wine Estates (OTCMKTS:TSRYY) Sets New 12-Month Low – What’s Next?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $2.66 and last traded at $2.68, with a volume of 11407 shares. The stock had previously closed at $2.71.

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Trading Down 1.5%

The business has a fifty day moving average of $3.41 and a 200 day moving average of $3.88.

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.