Treasury Wine Estates (OTCMKTS:TSRYY) Hits New 1-Year Low – Time to Sell?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $3.13 and last traded at $3.15, with a volume of 12366 shares changing hands. The stock had previously closed at $3.26.

Analyst Ratings Changes

TSRYY has been the topic of several recent analyst reports. UBS Group lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Jefferies Financial Group downgraded shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price on the stock. in a research report on Wednesday, December 17th. Citigroup downgraded shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Price Performance

The company has a 50-day simple moving average of $3.52 and a two-hundred day simple moving average of $4.09.

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.