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Treasury Wine Estates Limited ( (AU:TWE) ) has provided an update.
Treasury Wine Estates Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 1,644,978 securities have been bought back to date, with an additional 180,000 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:TWE) stock is a Buy with a A$8.50 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 operates in the wine industry, focusing on the production and distribution of wine. The company is known for its portfolio of premium wines and has a significant market presence in the global wine industry.
YTD Price Performance: -28.08%
Average Trading Volume: 5,293,527
Technical Sentiment Signal: Sell
Current Market Cap: A$6.32B
For an in-depth examination of TWE stock, go to TipRanks’ Overview page.