Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Given Consensus Recommendation of “Reduce” by Brokerages

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) has been assigned an average recommendation of “Reduce” from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.20.

Several research firms have commented on TSRYY. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Citigroup upgraded 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 Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price target on the stock.

Treasury Wine Estates Stock Up 0.6%

TSRYY opened at $3.22 on Friday. The stock’s 50 day moving average price is $3.17 and its 200-day moving average price is $3.15. Treasury Wine Estates has a one year low of $2.25 and a one year high of $5.55.

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.