Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Still a Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $3.64, but opened at $3.79. Treasury Wine Estates shares last traded at $3.79, with a volume of 2,013 shares traded.

Analysts Set New Price Targets

Several brokerages have weighed in on TSRYY. The Goldman Sachs Group began coverage on Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target for the company. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $5.20.

View Our Latest Stock Report on Treasury Wine Estates

Treasury Wine Estates Stock Performance

The stock has a 50-day simple moving average of $3.75 and a 200-day simple moving average of $3.26.

Institutional Trading of Treasury Wine Estates

A hedge fund recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $33,000.

About Treasury Wine Estates

(Get Free Report)

Treasury Wine Estates Limited is an Australian wine company that produces, markets and distributes a portfolio of premium and luxury wines. The company’s brand portfolio includes Penfolds, Wolf Blass, Wynns, Seppelt, Pepperjack, Beringer, 19 Crimes, Matua, Sterling Vineyards and Stags’ Leap Winery, among others. Its offerings span a range of wine styles, price points and geographic origins.

Treasury Wine Estates sources grapes and operates wineries and vineyards across major wine-producing regions, including Australia, New Zealand and the United States.

Further Reading

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