UBS AG Reiterates “Sell” Rating for Treasury Wine Estates (TWE)
Treasury Wine Estates (ASX:TWE)‘s stock had its “sell” rating reiterated by equities researchers at UBS AG in a research report issued on Tuesday, American Banking News reports. They currently have a $3.18 price objective on the stock, down from their previous price objective of $3.74.
A number of other analysts have also recently weighed in on TWE. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Treasury Wine Estates in a research note on Wednesday, January 29th. They now have a $3.80 price target on the stock. Five analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of A$3.49 ($3.17).
Treasury Wine Estates (ASX:TWE) traded down 1.58% during mid-day trading on Tuesday, hitting A$3.740. The stock had a trading volume of 2,666,362 shares. Treasury Wine Estates has a 52 week low of A$3.410 and a 52 week high of A$6.470. The stock’s 50-day moving average is A$4.30 and its 200-day moving average is A$4.63.
Treasury Wine Estates Ltd. (ASX:TWE) is engaged in viticulture and winemaking, and the marketing, sale and distribution of wine.
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