Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – What’s Next?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) gapped up prior to trading on Friday . The stock had previously closed at $2.26, but opened at $2.42. Treasury Wine Estates shares last traded at $2.43, with a volume of 47,759 shares trading hands.

Analyst Ratings Changes

TSRYY has been the subject of a number of analyst reports. UBS Group lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. Citigroup lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group downgraded shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price objective on the stock. in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $5.20.

Treasury Wine Estates Stock Up 7.7%

The business has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.71.

Treasury Wine Estates Company Profile

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.