Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives $5.20 Consensus Target Price from Analysts

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have earned an average recommendation of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.20.

TSRYY has been the subject of a number of research reports. The Goldman Sachs Group started coverage on Treasury Wine Estates in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price for the company. Citigroup upgraded shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th.

Treasury Wine Estates Stock Down 3.6%

OTCMKTS TSRYY opened at $3.89 on Wednesday. Treasury Wine Estates has a one year low of $2.25 and a one year high of $5.55. The stock’s 50-day moving average is $3.38 and its 200-day moving average is $3.16.

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.