Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Stock Has Consensus Target Price of $5.20 According to Analysts

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.20.

Separately, UBS Group raised shares of Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st.

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 Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $33,000.

Treasury Wine Estates Stock Performance

TSRYY opened at $4.26 on Friday. The company’s 50-day simple moving average is $3.88 and its two-hundred day simple moving average is $3.37. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $4.27.

About Treasury Wine Estates

Treasury Wine Estates is an Australia-based global wine company that produces, markets and distributes a broad portfolio of wines. Its products span premium, luxury and commercial wine categories, with offerings sold through retail, hospitality and other distribution channels.

The company’s brand portfolio includes Penfolds, Beringer, 19 Crimes, Wolf Blass, Lindeman’s, Matua, Sterling Vineyards, Wynns and Yellowglen. Treasury Wine Estates manages vineyards, wineries and production operations across major wine-growing regions and serves customers in Australia and New Zealand, the Americas, Europe and Asia.

Treasury Wine Estates was established in 2011 when Foster’s Group separated its beer and wine businesses.