Treasury Wine Estates (OTCMKTS:TSRYY) Cut to “Strong Sell” at UBS Group

UBS Group lowered shares of Treasury Wine Estates (OTCMKTS:TSRYY) from a hold rating to a strong sell rating in a research report released on Friday morning,Zacks.com reports.

A number of other equities analysts have also commented on TSRYY. Citigroup lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Jefferies Financial Group cut Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target for the company. in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada lowered Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Trading Down 3.5%

Shares of OTCMKTS:TSRYY opened at $3.57 on Friday. Treasury Wine Estates has a 1 year low of $3.17 and a 1 year high of $7.30. The firm has a fifty day moving average price of $3.58 and a 200 day moving average price of $4.21.

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.