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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.70, but opened at $3.50. Treasury Wine Estates shares last traded at $3.54, with a volume of 79,227 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TSRYY shares. Citigroup downgraded shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada lowered Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 target price on the stock. in a research report on Wednesday, December 17th. Finally, UBS Group lowered Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Price Performance

The business has a 50 day moving average price of $3.59 and a two-hundred day moving average price of $4.24.

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.