Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – What’s Next?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) 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 changing hands.

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Stock Performance

The firm’s fifty day moving average price is $3.23 and its 200 day moving average price is $3.14.

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.