Tesco PLC (TSCDY) Cut to Underperform at BNP Paribas
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.
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