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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.33, but opened at $3.16. Treasury Wine Estates shares last traded at $3.16, with a volume of 403 shares traded.

Wall Street Analysts Forecast Growth

TSRYY has been the subject of a number of research analyst reports. Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday. 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. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Stock Down 1.7%

The business’s 50 day moving average price is $2.87 and its two-hundred day moving average price is $3.44.

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.