Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.83, but opened at $3.31. Treasury Wine Estates shares last traded at $3.31, with a volume of 2,531 shares.
Analysts Set New Price Targets
A number of brokerages have commented on TSRYY. UBS Group downgraded shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.20.
View Our Latest Analysis on TSRYY
Treasury Wine Estates Trading Up 17.8%
Treasury Wine Estates Company Profile
Treasury Wine Estates is a Melbourneābased 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.
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