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

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have been assigned a consensus rating of “Reduce” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.20.

A number of brokerages have recently weighed in on TSRYY. The Goldman Sachs Group started coverage on Treasury Wine Estates in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective for the company. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Finally, Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st.

Treasury Wine Estates Price Performance

Shares of OTCMKTS TSRYY opened at $3.90 on Wednesday. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $5.55. The business’s 50 day moving average is $3.30 and its two-hundred day moving average is $3.15.

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.