Treasury Wine Estates Given Sell Rating at Deutsche Bank (TWE)
Treasury Wine Estates (ASX:TWE)‘s stock had its “sell” rating restated by research analysts at Deutsche Bank in a report released on Tuesday, American Banking News reports. They currently have a $3.20 price objective on the stock.
Treasury Wine Estates (ASX:TWE) traded up 0.80% on Tuesday, hitting A$3.800. The stock had a trading volume of 820,803 shares. Treasury Wine Estates has a 1-year low of A$3.410 and a 1-year high of A$6.470. The stock has a 50-day moving average of A$3.70 and a 200-day moving average of A$4.2.
TWE has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “sell” rating on shares of Treasury Wine Estates in a research note on Tuesday, February 18th. They now have a $3.18 price target on the stock, down previously from $3.74. Five equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of A$3.19 ($2.95).
Treasury Wine Estates Ltd. (ASX:TWE) is engaged in viticulture and winemaking, and the marketing, sale and distribution of wine.
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