Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Here’s Why

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $3.64, but opened at $3.79. Treasury Wine Estates shares last traded at $3.79, with a volume of 2,013 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSRYY shares. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a research 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. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Treasury Wine Estates presently has an average rating of “Reduce” and an average target price of $5.20.

Check Out Our Latest Report on Treasury Wine Estates

Treasury Wine Estates Price Performance

The business’s 50-day simple moving average is $3.75 and its two-hundred day simple moving average is $3.26.

Institutional Inflows and Outflows

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

Treasury Wine Estates Company Profile

(Get Free Report)

Treasury Wine Estates Limited is an Australian wine company that produces, markets and distributes a portfolio of premium and luxury wines. The company’s brand portfolio includes Penfolds, Wolf Blass, Wynns, Seppelt, Pepperjack, Beringer, 19 Crimes, Matua, Sterling Vineyards and Stags’ Leap Winery, among others. Its offerings span a range of wine styles, price points and geographic origins.

Treasury Wine Estates sources grapes and operates wineries and vineyards across major wine-producing regions, including Australia, New Zealand and the United States.

Further Reading

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