Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up - Should You Buy?

Key Points

• Treasury Wine Estates shares rose 6.1% at the open, climbing from $4.10 to $4.35 on 5,170 shares traded.
• UBS upgraded the stock to “strong buy,” but overall analyst sentiment remains “Hold,” with one Strong Buy and five Hold ratings; the average price target is $5.20.
• Technical indicators show the shares trading above both their 50-day ($3.88) and 200-day ($3.37) moving averages, while Ferguson Wellman Capital recently acquired 10,000 shares.

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) gapped up prior to trading 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.

Analyst Ratings Changes

Separately, UBS Group upgraded Treasury Wine Estates from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Treasury Wine Estates has an average rating of "Hold" and an average target price of $5.20.

Treasury Wine Estates Trading Up 2.4%

The company's 50-day simple moving average is $3.88 and its 200-day simple moving average is $3.37.

Institutional Trading of Treasury Wine Estates

A hedge fund recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 10,000 shares of the company's stock, valued at approximately $33,000.

About Treasury Wine Estates

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.

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