Treasury Wine Estates (OTCMKTS:TSRYY) Sees Large Volume Increase – Still a Buy?

by · The Cerbat Gem

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) saw an uptick in trading volume on Tuesday . 890,067 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 382,778 shares.The stock last traded at $3.4250 and had previously closed at $3.47.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSRYY shares. UBS Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Jefferies Financial Group lowered Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price on the stock. in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.20.

View Our Latest Analysis on Treasury Wine Estates

Treasury Wine Estates Stock Up 0.3%

The stock’s fifty day moving average is $3.72 and its 200-day moving average is $4.52.

Treasury Wine Estates Company Profile

(Get Free Report)

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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