Tesco PLC (NASDAQ:TSCDY) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Thursday.
TSCDY has been the topic of a number of other research reports. Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Zacks Investment Research upgraded shares of Tesco PLC from a “sell” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, June 15th. Beaufort Securities restated a “hold” rating on shares of Tesco PLC in a report on Saturday, June 25th. Deutsche Bank AG restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Finally, HSBC cut shares of Tesco PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded down 2.81% during midday trading on Thursday, hitting $7.62. 14,059 shares of the company were exchanged. The stock has a market capitalization of $20.65 billion and a price-to-earnings ratio of 115.45. Tesco PLC has a 1-year low of $6.00 and a 1-year high of $9.38. The stock has a 50 day moving average of $6.69 and a 200-day moving average of $6.96.
Tesco PLC Company Profile
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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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