Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Down – Time to Sell?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $2.79, but opened at $2.72. Treasury Wine Estates shares last traded at $2.73, with a volume of 485 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSRYY shares. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price objective for the company. in a research note on Wednesday, December 17th. Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Citigroup downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Treasury Wine Estates has an average rating of “Reduce” and a consensus target price of $5.20.

View Our Latest Research Report on TSRYY

Treasury Wine Estates Stock Performance

The stock has a 50 day moving average price of $2.96 and a two-hundred day moving average price of $3.50.

Treasury Wine Estates Company Profile

(Get Free Report)

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.

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