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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s stock price 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.

Analyst Upgrades and Downgrades

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

Treasury Wine Estates Stock Performance

The business has a 50 day moving average of $3.15 and a 200-day moving average of $3.65.

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.