Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.20.

TSRYY has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective on the stock. UBS Group upgraded Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st.

Treasury Wine Estates Stock Performance

Shares of TSRYY opened at $3.83 on Wednesday. Treasury Wine Estates has a twelve month low of $2.25 and a twelve month high of $4.59. The company has a 50 day moving average of $3.80 and a two-hundred day moving average of $3.29.

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 position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 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.