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

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) gapped up before the market opened on Monday. The stock had previously closed at $4.10, but opened at $4.35. Treasury Wine Estates shares last traded at $4.35, with a volume of 5,170 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Treasury Wine Estates from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.20.

Treasury Wine Estates Trading Up 2.4%

The business’s 50-day moving average price is $3.88 and its 200 day moving average price is $3.37.

Hedge Funds Weigh In On Treasury Wine Estates

A hedge fund recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $33,000.

Treasury Wine Estates Company Profile

Treasury Wine Estates is an Australia-based global wine company that produces, markets and distributes a broad portfolio of wines. Its products span premium, luxury and commercial wine categories, with offerings sold through retail, hospitality and other distribution channels.

The company’s brand portfolio includes Penfolds, Beringer, 19 Crimes, Wolf Blass, Lindeman’s, Matua, Sterling Vineyards, Wynns and Yellowglen. Treasury Wine Estates manages vineyards, wineries and production operations across major wine-growing regions and serves customers in Australia and New Zealand, the Americas, Europe and Asia.

Treasury Wine Estates was established in 2011 when Foster’s Group separated its beer and wine businesses.