Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) shares hit a new 52-week high during trading on Friday. The company traded as high as $4.20 and last traded at $4.20, with a volume of 1,102 shares traded. The stock had previously closed at $4.1010.
Wall Street Analyst Weigh In
Separately, UBS Group raised Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Treasury Wine Estates presently has a consensus rating of “Hold” and an average price target of $5.20.
Check Out Our Latest Stock Analysis on TSRYY
Treasury Wine Estates Price Performance
The firm’s fifty day moving average price is $3.87 and its 200 day moving average price is $3.37.
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 Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000.
About Treasury Wine Estates
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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