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 Monday . The stock had previously closed at $3.42, but opened at $3.61. Treasury Wine Estates shares last traded at $3.61, with a volume of 8,051 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price objective for the company. Zacks Research raised Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Finally, Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Up 5.6%

The company’s 50 day moving average price is $3.21 and its 200 day moving average price is $3.14.

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.