Treasury Wine Estates (OTCMKTS:TSRYY) Stock Price Up 13.8% – Should You Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) traded up 13.8% during mid-day trading on Thursday . The stock traded as high as $3.24 and last traded at $3.22. 24,562 shares were traded during trading, a decline of 94% from the average session volume of 380,666 shares. The stock had previously closed at $2.83.

Wall Street Analyst Weigh In

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

Treasury Wine Estates Trading Down 0.6%

The company has a 50-day moving average price of $2.86 and a 200-day moving average price of $3.43.

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.