Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Here’s What Happened

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) gapped up before the market opened on Friday . The stock had previously closed at $3.13, but opened at $3.27. Treasury Wine Estates shares last traded at $3.2650, with a volume of 817 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSRYY. Zacks Research upgraded Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 target price on the stock. Finally, Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.20.

Treasury Wine Estates Price Performance

The company’s fifty day moving average is $3.17 and its two-hundred day moving average is $3.14.

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.