The Treasury Wine Estates Ltd (ASX: TWE) share price has whipsawed in 2022, trading as high as $13.20 and as low as $10.54 in that time.
It has danced between $11 and $12 from March to May and it's down 11.8% this year to date (below). It's been trending down since 31 May and today, the Treasury Wine share price is $10.88 — down 0.37% for the day so far.
Analysts stacked on the buy side
Over the past 12 months, the number of buy calls on Treasury Wine has crept upwards. Currently, 58% of brokers covering the stock have it rated as a buy, according to Bloomberg data.
That's crept up from 33% this time last year.
Another 37% have it rated a hold — that number reducing from roughly 46% a year ago. In terms of price targets, an Evans and Partners note from November 2021 lists a valuation for Treasury Wine of $14.60.
However, a June note from Credit Suisse has it valued at $13.50 per share. Jefferies valued it at $14.50 apiece earlier this month as well.
Macquarie and Goldman Sachs are both neutral at $12.55 and $11.90 respectively.
Those at Barrenjoey aren't a fan. The team rates the Treasury Wine share price underweight on a $9.50 price objective in May. This is the only sell rating.
The consensus price target is $13.17 from this list. That suggests about a 20% potential upside.
Treasury Wine share price snapshot
In the past 12 months, Treasury Wine stock has slipped about 9.5% into the red. From its 52-week high, it has slipped 18%.
That means it must gain about 23% to return to its former highs. Moreover, there's no telling how long this volatility will last.
