Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report)’s share price 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
TSRYY has been the topic of a number of analyst reports. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective for the company. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $5.20.
Get Our Latest Report on Treasury Wine Estates
Treasury Wine Estates Trading Down 2.1%
Institutional Trading of Treasury Wine Estates
An institutional investor recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased 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 Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $33,000.
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.
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