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

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have earned an average rating of “Reduce” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.20.

Several equities analysts have recently commented on TSRYY shares. Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group started coverage on shares of Treasury Wine Estates in a research note on Tuesday. They set a “neutral” rating and a $5.20 price objective for the company. Finally, Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th.

Treasury Wine Estates Stock Down 0.6%

Shares of OTCMKTS:TSRYY opened at $3.20 on Tuesday. The company has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.19. Treasury Wine Estates has a 12 month low of $2.25 and a 12 month 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.