Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down on Wednesday, opening at $2.76 after a $2.90 close and last trading at $2.86 (down ~1.4%) with low volume (2,181), trading below its 50‑day and 200‑day moving averages of $3.45 and $3.93.
• Several major brokers (RBC, Citigroup, Jefferies, UBS) have recently downgraded the stock, leaving a MarketBeat consensus rating of Reduce and a consensus price target of $5.20.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $2.90, but opened at $2.76. Treasury Wine Estates shares last traded at $2.86, with a volume of 2,181 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada lowered Treasury Wine Estates from a "moderate buy" rating to a "hold" rating in a report on Thursday, December 18th. Citigroup cut shares of Treasury Wine Estates from a "hold" rating to a "strong sell" rating in a research report on Wednesday, January 14th. Jefferies Financial Group lowered shares of Treasury Wine Estates from a "strong-buy" rating to a "hold" rating and set a $5.20 target price for the company. in a report on Wednesday, December 17th. Finally, UBS Group downgraded Treasury Wine Estates from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Treasury Wine Estates presently has a consensus rating of "Reduce" and a consensus price target of $5.20.

Treasury Wine Estates Trading Down 1.4%

The business's fifty day moving average is $3.45 and its two-hundred day moving average is $3.93.

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.

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