Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) have earned an average rating of “Reduce” from the six ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.20.
Several equities analysts have recently weighed in on TSRYY shares. The Goldman Sachs Group started coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 target price on the stock. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th.
Get Our Latest Research Report on Treasury Wine Estates
Treasury Wine Estates Trading Up 0.8%
Institutional Investors Weigh In On Treasury Wine Estates
An institutional investor recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new stake in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $33,000.
Treasury Wine Estates Company Profile
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.
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