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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.6550, but opened at $3.48. Treasury Wine Estates shares last traded at $3.34, with a volume of 3,190 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut 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. UBS Group cut Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.20.

Treasury Wine Estates Price Performance

The firm’s fifty day simple moving average is $3.83 and its 200-day simple moving average is $4.64.

About Treasury Wine Estates

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.