Treasury Wine Estates (OTCMKTS:TSRYY) Trading Up 15.3% – Should You Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) traded up 15.3% during mid-day trading on Friday . The stock traded as high as $3.32 and last traded at $3.32. 960 shares changed hands during trading, a decline of 100% from the average session volume of 293,322 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group cut Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

The stock’s fifty day moving average price is $2.91 and its two-hundred day moving average price is $3.25.

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.