Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Should You Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s share price 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

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

Treasury Wine Estates Price Performance

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