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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $3.6550, but opened at $3.48. Treasury Wine Estates shares last traded at $3.34, with a volume of 3,190 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group lowered shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Jefferies Financial Group lowered Treasury Wine Estates to a “hold” rating and set a $5.20 target price for the company. in a research report on Wednesday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.20.

Check Out Our Latest Stock Report on Treasury Wine Estates

Treasury Wine Estates Stock Performance

The company’s fifty day moving average is $3.88 and its 200-day moving average is $4.66.

About Treasury Wine Estates

(Get Free Report)

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.

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