Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $3.8830, but opened at $3.70. Treasury Wine Estates shares last traded at $3.88, with a volume of 232 shares.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price on the stock. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Treasury Wine Estates presently has an average rating of “Reduce” and an average target price of $5.20.
View Our Latest Research Report on TSRYY
Treasury Wine Estates Stock Performance
Institutional Inflows and Outflows
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) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000.
About Treasury Wine Estates
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.
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