Treasury Wine Estates Ltd. (TSRYY) – What Are Brokerages Saying About This Stock?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.20.

A number of equities research analysts recently weighed in on TSRYY shares. UBS Group raised shares of Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. The Goldman Sachs Group started coverage on shares of Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 target price on the stock.

Treasury Wine Estates Stock Performance

Treasury Wine Estates stock opened at $3.88 on Wednesday. Treasury Wine Estates has a 1 year low of $2.25 and a 1 year high of $4.59. The firm’s 50-day moving average is $3.82 and its 200-day moving average is $3.32.

Hedge Funds Weigh In On Treasury Wine Estates

An institutional investor recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $33,000.

About Treasury Wine Estates

Treasury Wine Estates Limited is an Australian wine company that produces, markets and distributes a portfolio of premium and luxury wines. The company’s brand portfolio includes Penfolds, Wolf Blass, Wynns, Seppelt, Pepperjack, Beringer, 19 Crimes, Matua, Sterling Vineyards and Stags’ Leap Winery, among others. Its offerings span a range of wine styles, price points and geographic origins.

Treasury Wine Estates sources grapes and operates wineries and vineyards across major wine-producing regions, including Australia, New Zealand and the United States.