Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Time to Buy?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) gapped up prior to trading on Thursday . The stock had previously closed at $2.54, but opened at $2.66. Treasury Wine Estates shares last traded at $2.66, with a volume of 172 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TSRYY shares. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price for the company. in a research report on Wednesday, December 17th. UBS Group cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Citigroup downgraded shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada lowered shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $5.20.

Treasury Wine Estates Price Performance

The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.63.

About Treasury Wine Estates

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.