Treasury Wine Estates (OTCMKTS:TSRYY) Rating Lowered to Strong Sell at Citigroup

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

A number of other research firms also recently weighed in on TSRYY. Royal Bank Of Canada downgraded shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. UBS Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Jefferies Financial Group cut 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 note on Wednesday, December 17th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s 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

Treasury Wine Estates stock opened at $3.34 on Wednesday. Treasury Wine Estates has a twelve month low of $3.17 and a twelve month high of $7.30. The firm has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $4.40.

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.