Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Down – Here’s Why

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.33, but opened at $3.16. Treasury Wine Estates shares last traded at $3.16, with a volume of 403 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSRYY shares. UBS Group lowered Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Down 0.6%

The stock has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $3.42.

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.