Treasury Wine Estates (OTCMKTS:TSRYY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) saw strong trading volume on Tuesday . 890,067 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 382,778 shares.The stock last traded at $3.4250 and had previously closed at $3.47.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price for the company. in a report on Wednesday, December 17th. UBS Group downgraded shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Royal Bank Of Canada lowered shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Treasury Wine Estates presently has a consensus rating of “Hold” and an average price target of $5.20.

Treasury Wine Estates Stock Performance

The stock has a 50-day moving average price of $3.74 and a 200-day moving average price of $4.54.

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.