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

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $2.91, but opened at $3.27. Treasury Wine Estates shares last traded at $3.33, with a volume of 6,015 shares.

More Treasury Wine Estates News

Here are the key news stories impacting Treasury Wine Estates this week:

Analysts Set New Price Targets

TSRYY has been the subject of several research analyst reports. UBS Group lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup upgraded shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $5.20.

Get Our Latest Stock Analysis on Treasury Wine Estates

Treasury Wine Estates Stock Down 3.3%

The business’s 50 day moving average is $2.92 and its two-hundred day moving average is $3.25.

About Treasury Wine Estates

(Get Free Report)

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.

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