Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $3.6550, but opened at $3.48. Treasury Wine Estates shares last traded at $3.34, with a volume of 3,190 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. UBS Group downgraded shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Jefferies Financial Group cut Treasury Wine Estates to a “hold” rating and set a $5.20 price objective on the stock. in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Treasury Wine Estates currently has an average rating of “Hold” and an average price target of $5.20.
Check Out Our Latest Stock Analysis on Treasury Wine Estates
Treasury Wine Estates Trading Down 9.2%
About Treasury Wine Estates
Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.
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