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The latest announcement is out from Treasury Wine Estates Limited ( (AU:TWE) ).
Treasury Wine Estates has notified the market of the issue of 1,361 ordinary fully paid shares arising from the exercise or conversion of previously unquoted equity securities. The small-scale issuance, recorded under an ASX Appendix 3G filing, reflects routine capital management activity and a minor increase in the company’s listed share capital, with limited immediate impact expected on existing shareholders or the broader market.
The most recent analyst rating on (AU:TWE) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a global wine company listed on the ASX that produces, markets and distributes a portfolio of wine brands across various price points and regions. The group operates in the alcoholic beverages industry, with a primary focus on premium and luxury wines sold into key markets including Australia, the Americas, Europe and Asia.
Average Trading Volume: 6,522,195
Technical Sentiment Signal: Sell
Current Market Cap: A$4.17B
See more insights into TWE stock on TipRanks’ Stock Analysis page.