Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Down - Here's Why

Key Points

• Shares of Treasury Wine Estates gapped down premarket, opening at $2.84 after a $3.05 close and last trading at $3.02 on a volume of 29,518 shares.
• Analysts are mixed: Citigroup upgraded to a "hold" while UBS downgraded to "strong sell," leaving a MarketBeat consensus of "Reduce" with a $5.20 price target.
• The stock sits near its 50‑day moving average ($2.84) below the 200‑day average ($3.38); Treasury Wine Estates is a Melbourne‑based global wine company behind brands such as Penfolds and Beringer.

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $3.05, but opened at $2.84. Treasury Wine Estates shares last traded at $3.02, with a volume of 29,518 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSRYY. Citigroup raised Treasury Wine Estates from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 21st. UBS Group cut Treasury Wine Estates from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Treasury Wine Estates presently has a consensus rating of "Reduce" and a consensus price target of $5.20.

Treasury Wine Estates Price Performance

The firm has a 50 day moving average of $2.84 and a 200-day moving average of $3.38.

About Treasury Wine Estates

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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