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TWE - Citi rates the stock as Sell
BY BROKER NEWS - 08/12/2017 | VIEW MORE BROKER UPDATES

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TWE - TREASURY WINE ESTATES LIMITED


The company continues to lose share in the Americas and Australian markets. Citi notes European volumes are rising but pricing is weak. Hence, upside risks to earnings from Asian growth is likely to be offset by the weakness in other regions.

The broker observes the stock's PE multiple is increasingly tied to Chinese demand growth more so than its US market recovery. Demand trends are strong in Asia but prices have declined. Overall, the broker suggests there is little room for any slowing in momentum.

Sell rating and $10.90 target maintained.

Sector: Food, Beverage & Tobacco.

Target price is $10.90.Current Price is $16.13. Difference: ($5.23) - (brackets indicate current price is over target). If TWE meets the Citi target it will return approximately -48% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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