Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.20.
Separately, UBS Group raised Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st.
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Treasury Wine Estates Trading Down 0.1%
OTCMKTS TSRYY opened at $4.31 on Friday. The firm’s 50 day moving average price is $3.91 and its two-hundred day moving average price is $3.39. Treasury Wine Estates has a twelve month low of $2.25 and a twelve month high of $4.49.
Institutional Investors Weigh In On Treasury Wine Estates
A hedge fund recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $33,000.
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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