Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday. The company traded as high as $4.20 and last traded at $4.20, with a volume of 1,102 shares. The stock had previously closed at $4.1010.
Analyst Upgrades and Downgrades
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. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.20.
View Our Latest Stock Analysis on TSRYY
Treasury Wine Estates Stock Performance
The firm’s 50 day moving average price is $3.87 and its 200-day moving average price is $3.37.
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. bought a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000.
Treasury Wine Estates Company Profile
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.
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