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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) gapped down before the market opened on Monday . The stock had previously closed at $3.05, but opened at $2.84. Treasury Wine Estates shares last traded at $3.02, with a volume of 29,518 shares.

Analyst Upgrades and Downgrades

TSRYY has been the subject of a number of research reports. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. 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 data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Stock Down 1.3%

The stock has a 50 day moving average of $2.84 and a two-hundred day moving average of $3.38.

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.