CIMB Reiterates “Reduce” Rating for Treasury Wine Estates (TWE)
Treasury Wine Estates (ASX:TWE)‘s stock had its “reduce” rating reiterated by equities researchers at CIMB in a research report issued on Tuesday. They currently have a $4.25 price objective on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Treasury Wine Estates from a “sell” rating to a “hold” rating in a research note on Sunday, June 8th. They now have a $4.70 price target on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of A$4.48 ($4.18).
Shares of Treasury Wine Estates (ASX:TWE) traded down 0.97% on Tuesday, hitting A$5.080. 447,029 shares of the company’s stock traded hands. Treasury Wine Estates has a 1-year low of A$3.410 and a 1-year high of A$6.000. The stock has a 50-day moving average of A$4.96 and a 200-day moving average of A$4.26. The company has a market cap of A$3.285 billion and a P/E ratio of 34.90.
Treasury Wine Estates Ltd. (ASX:TWE) is engaged in viticulture and winemaking, and the marketing, sale and distribution of wine.
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