Tesco PLC (NASDAQ:TSCDY) was downgraded by BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research cut shares of Tesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.00.

Tesco PLC (TSCDY) traded down 2.02% during trading on Wednesday, reaching $7.28. 86,168 shares of the company traded hands. Tesco PLC has a 52 week low of $6.30 and a 52 week high of $8.24. The company’s market capitalization is $19.79 billion. The firm has a 50-day moving average price of $7.10 and a 200-day moving average price of $6.98.

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About Tesco PLC

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

Analyst Recommendations for Tesco PLC (NASDAQ:TSCDY)

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