Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up – Still a Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $3.8750, but opened at $4.12. Treasury Wine Estates shares last traded at $4.12, with a volume of 265 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upgraded Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. The Goldman Sachs Group started coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.20.

Treasury Wine Estates Price Performance

The firm has a 50 day moving average price of $3.84 and a two-hundred day moving average price of $3.36.

Institutional Inflows and Outflows

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

Treasury Wine Estates Company Profile

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.