Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) have been assigned an average recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.20.
TSRYY has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target on the stock. Zacks Research upgraded shares of Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.
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Treasury Wine Estates Trading Down 0.9%
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.
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