Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.20.
Separately, UBS Group upgraded shares of Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st.
Check Out Our Latest Stock Analysis on Treasury Wine Estates
Institutional Trading of Treasury Wine Estates
An institutional investor recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,000 shares of the company’s stock, valued at approximately $33,000.
Treasury Wine Estates Stock Up 3.8%
Shares of Treasury Wine Estates stock opened at $4.26 on Friday. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $4.27. The company has a 50-day simple moving average of $3.88 and a two-hundred day simple moving average of $3.37.
About Treasury Wine Estates
Treasury Wine Estates is an Australia-based global wine company that produces, markets and distributes a broad portfolio of wines. Its products span premium, luxury and commercial wine categories, with offerings sold through retail, hospitality and other distribution channels.
The company’s brand portfolio includes Penfolds, Beringer, 19 Crimes, Wolf Blass, Lindeman’s, Matua, Sterling Vineyards, Wynns and Yellowglen. Treasury Wine Estates manages vineyards, wineries and production operations across major wine-growing regions and serves customers in Australia and New Zealand, the Americas, Europe and Asia.
Treasury Wine Estates was established in 2011 when Foster’s Group separated its beer and wine businesses.
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