Treasury Wine Estates Limited (TSRYF) was downgraded to a Hold Rating at Morgans

Treasury Wine Estates Limited received a Hold rating and a A$6.35 price target from Morgans analyst Belinda Moore today. The company’s shares closed last Tuesday at $4.50.

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Moore covers the Consumer Defensive sector, focusing on stocks such as Treasury Wine Estates Limited, a2 Milk Company, and Elders Limited. According to TipRanks, Moore has an average return of 7.0% and a 56.00% success rate on recommended stocks.

Currently, the analyst consensus on Treasury Wine Estates Limited is a Moderate Buy with an average price target of $5.53, a 22.89% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a A$6.90 price target.

TSRYF market cap is currently $3.7B and has a P/E ratio of 13.12.

Based on the recent corporate insider activity of 10 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.