Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) have earned an average rating of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. One 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 analysts that have covered the stock in the last year is $5.20.

TSRYY has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target for the company. Zacks Research raised Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th.

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. acquired a new stake in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $33,000.

Treasury Wine Estates Trading Up 0.8%

Shares of Treasury Wine Estates stock opened at $3.92 on Friday. The firm has a 50-day simple moving average of $3.55 and a two-hundred day simple moving average of $3.19. Treasury Wine Estates has a fifty-two week low of $2.25 and a fifty-two week high of $5.40.

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.