Treasury Wine Estates (OTCMKTS:TSRYY) Stock Rating Upgraded by The Goldman Sachs Group

Treasury Wine Estates (OTCMKTS:TSRYY) was upgraded by The Goldman Sachs Group to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on TSRYY. Zacks Research raised Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Treasury Wine Estates currently has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Down 0.6%

TSRYY opened at $3.15 on Tuesday. The company has a fifty day moving average price of $3.11 and a two-hundred day moving average price of $3.20. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $5.55.

Treasury Wine Estates Company Profile

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.