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

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

Several research firms recently weighed in on TSRYY. UBS Group raised shares of Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. The Goldman Sachs Group began coverage on shares of 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.

Treasury Wine Estates Stock Up 0.3%

Shares of TSRYY opened at $3.90 on Wednesday. The business’s 50 day moving average is $3.83 and its two-hundred day moving average is $3.34. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $4.17.

Institutional Investors Weigh In On Treasury Wine Estates

A hedge fund recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. acquired a new position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.