Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $4.10, but opened at $4.35. Treasury Wine Estates shares last traded at $4.35, with a volume of 5,170 shares.
Analysts Set New Price Targets
Separately, UBS Group upgraded Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.20.
Read Our Latest Report on TSRYY
Treasury Wine Estates Trading Down 0.6%
The firm has a 50-day moving average of $3.89 and a two-hundred day moving average of $3.38.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. acquired a new position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $33,000.
Treasury Wine Estates Company Profile
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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