UBS Group Downgrades Treasury Wine Estates (OTCMKTS:TSRYY) to Strong Sell

Treasury Wine Estates (OTCMKTS:TSRYY) was downgraded by analysts at UBS Group from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on TSRYY. Jefferies Financial Group lowered shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target on the stock. in a research note on Wednesday, December 17th. Royal Bank Of Canada lowered Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Citigroup cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Treasury Wine Estates currently has an average rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Price Performance

Shares of TSRYY opened at $3.57 on Friday. Treasury Wine Estates has a 1 year low of $3.17 and a 1 year high of $7.30. The company’s fifty day moving average is $3.58 and its two-hundred day moving average is $4.22.

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.