Treasury Wine Estates (OTCMKTS:TSRYY) Trading 7.6% Higher – Here’s Why

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shot up 7.6% on Friday . The stock traded as high as $4.11 and last traded at $4.11. 761 shares traded hands during trading, a decline of 100% from the average session volume of 209,415 shares. The stock had previously closed at $3.82.

Analyst Upgrades and Downgrades

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

Treasury Wine Estates Trading Up 3.1%

The company has a fifty day simple moving average of $3.33 and a two-hundred day simple moving average of $3.15.

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.