Treasury Wine Estates (OTCMKTS:TSRYY) Sees Strong Trading Volume – Still a Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares saw an uptick in trading volume on Tuesday . 890,067 shares were traded during 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.

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Stock Down 1.2%

The business’s fifty day moving average is $3.74 and its 200 day moving average is $4.54.

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.