Treasury Wine Estates (OTCMKTS:TSRYY) Stock Rating Upgraded by The Goldman Sachs Group

Treasury Wine Estates (OTCMKTS:TSRYY) was upgraded by The Goldman Sachs Group to a “hold” rating in a report released on Tuesday,Zacks.com reports.

TSRYY has been the subject of several other reports. Citigroup upgraded shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Down 0.6%

TSRYY opened at $3.15 on Tuesday. Treasury Wine Estates has a twelve month low of $2.25 and a twelve month high of $5.55. The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.20.

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.