Credit Suisse Keeps Their Hold Rating on Treasury Wine Estates Limited (TSRYF)
In a report released today, Larry Gandler from Credit Suisse maintained a Hold rating on Treasury Wine Estates Limited (TSRYF – Research Report), with a price target of A$13.80. The company’s shares closed last Friday at $8.56.
According to TipRanks, Gandler is a 2-star analyst with an average return of -0.8% and a 46.74% success rate. Gandler covers the Services sector, focusing on stocks such as PointsBet Holdings Ltd., Aristocrat Leisure Limited, and Star Entertainment Group Limited.
In addition to Credit Suisse, Treasury Wine Estates Limited also received a Hold from Citigroup’s Sam Teeger in a report issued on March 9. However, on March 10, Morgan Stanley maintained a Buy rating on Treasury Wine Estates Limited (Other OTC: TSRYF).
The company has a one-year high of $10.54 and a one-year low of $7.22. Currently, Treasury Wine Estates Limited has an average volume of 566.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSRYF in relation to earlier this year.
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Treasury Wine Estates Ltd. engages in the production and marketing of wine. It operates through the following segments: Australia and New Zealand, Americas, Asia, and Europe. The Australia and New Zealand segment manufactures, sells, and markets of wine within Australia and New Zealand; and also distributes beer and cider. The Americas segment engages offers the manufacture, sale, and marketing of wine in the Americas region. The Asia segment involves the sale and marketing of wine within Asia, including the Middle East and Africa. The Europe segment covers the manufacture, sale, and marketing of wine within Europe. The company was founded on March 20, 1957 and is headquartered in Southbank, Australia.