Treasury Wine Estates (OTCMKTS:TSRYY) Sees Strong Trading Volume – What’s Next?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) saw unusually-strong trading volume on Monday . Approximately 497,669 shares changed hands during trading, an increase of 158% from the previous session’s volume of 192,643 shares.The stock last traded at $3.49 and had previously closed at $3.49.

Analysts Set New Price Targets

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

Treasury Wine Estates Price Performance

The business has a fifty day moving average of $3.70 and a 200-day moving average of $4.49.

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.