Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Down – Time to Sell?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares gapped down before the market opened on Friday . The stock had previously closed at $3.74, but opened at $3.54. Treasury Wine Estates shares last traded at $3.58, with a volume of 982 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TSRYY shares. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price objective for the company. Zacks Research raised Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Down 4.3%

The stock has a 50 day moving average of $3.66 and a 200 day moving average of $3.21.

Institutional Investors Weigh In On Treasury Wine Estates

An institutional investor recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $33,000.

About Treasury Wine Estates

Treasury Wine Estates Limited is an Australia-based global wine company that produces, markets and distributes a portfolio of wine brands. Its business spans vineyard management, winemaking, brand development and sales through retail, hospitality and direct-to-consumer channels.

The company’s portfolio includes Penfolds, 19 Crimes, Wolf Blass, Beringer, Lindeman’s, Matua, Sterling Vineyards, Pepperjack and DAOU Family Estates. Its wines cover a range of styles and price points, including premium and luxury offerings as well as more accessible wines.

Treasury Wine Estates serves customers across Australia and New Zealand, the Americas, Europe and Asia.