Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives $5.20 Average Price Target from Brokerages

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report) have received a consensus recommendation of “Reduce” from the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold 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.

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group began coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price for the company.

Read Our Latest Report on TSRYY

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYYFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000.

Treasury Wine Estates Trading Down 0.9%

OTCMKTS TSRYY opened at $3.69 on Friday. The company’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.20. Treasury Wine Estates has a 1 year low of $2.25 and a 1 year high of $5.14.

About Treasury Wine Estates

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Treasury Wine Estates Limited is an Australia-based global wine company that produces, markets and distributes a portfolio of wine brands. Its business spans vineyard management, winemaking, brand development and sales through retail, hospitality and direct-to-consumer channels.

The company’s portfolio includes Penfolds, 19 Crimes, Wolf Blass, Beringer, Lindeman’s, Matua, Sterling Vineyards, Pepperjack and DAOU Family Estates. Its wines cover a range of styles and price points, including premium and luxury offerings as well as more accessible wines.

Treasury Wine Estates serves customers across Australia and New Zealand, the Americas, Europe and Asia.

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Analyst Recommendations for Treasury Wine Estates (OTCMKTS:TSRYY)

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