Treasury Wine Estates (OTCMKTS:TSRYY) Reaches New 52-Week Low – Time to Sell?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.05 and last traded at $3.0660, with a volume of 4451 shares traded. The stock had previously closed at $3.18.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSRYY shares. Jefferies Financial Group lowered 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. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. 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. Finally, Citigroup cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Treasury Wine Estates currently has an average rating of “Reduce” and a consensus price target of $5.20.

Read Our Latest Stock Analysis on Treasury Wine Estates

Treasury Wine Estates Price Performance

The business’s 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $4.03.

Treasury Wine Estates Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Treasury Wine Estates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Treasury Wine Estates and related companies with MarketBeat.com's FREE daily email newsletter.