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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) has earned an average rating of “Reduce” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.20.

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

Treasury Wine Estates Stock Down 0.2%

Shares of OTCMKTS:TSRYY opened at $3.24 on Friday. Treasury Wine Estates has a 12 month low of $2.25 and a 12 month high of $5.55. The company has a 50-day moving average price of $3.16 and a 200 day moving average price of $3.15.

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.