Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives $5.20 Average PT from Brokerages

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) has been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.20.

Several research firms have commented on TSRYY. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Finally, The Goldman Sachs Group began coverage on Treasury Wine Estates in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target on the stock.

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Treasury Wine Estates Stock Performance

TSRYY opened at $3.25 on Friday. Treasury Wine Estates has a twelve month low of $2.25 and a twelve month high of $5.55. The company has a 50-day moving average price of $3.18 and a 200 day moving average price of $3.14.

Treasury Wine Estates Company Profile

(Get Free Report)

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.

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