Treasury Wine Estates (OTCMKTS:TSRYY) Sets New 52-Week Low – Here’s Why

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.47 and last traded at $2.50, with a volume of 19930 shares traded. The stock had previously closed at $2.50.

Analyst Ratings Changes

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 note on Wednesday, December 17th. Royal Bank Of Canada cut Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Citigroup lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Treasury Wine Estates currently has a consensus rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

The firm’s 50 day moving average is $3.29 and its 200-day moving average is $3.75.

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.