Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Time to Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.42, but opened at $3.61. Treasury Wine Estates shares last traded at $3.61, with a volume of 8,051 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on TSRYY

Treasury Wine Estates Stock Up 5.6%

The company has a 50 day moving average price of $3.21 and a 200 day moving average price of $3.14.

Treasury Wine Estates Company Profile

(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.

Further Reading

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