Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Treasury Wine Estates Limited ( (AU:TWE) ) has provided an announcement.
Treasury Wine Estates Limited has announced an update on its ongoing on-market buy-back program, detailing the acquisition of 313,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 2,646,185. 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 a wide range of wines. The company is known for its premium wine brands and has a significant market presence globally.
YTD Price Performance: -30.02%
Average Trading Volume: 5,012,028
Technical Sentiment Signal: Sell
Current Market Cap: A$6.15B
Find detailed analytics on TWE stock on TipRanks’ Stock Analysis page.