BNP Paribas lowered shares of Tesco PLC (OTCMKTS:TSCDY) from an outperform rating to a neutral rating in a research note released on Thursday morning, StockTargetPrices.com reports.
Separately, HSBC cut Tesco PLC from a buy rating to a hold rating in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $7.50.
Tesco PLC (OTCMKTS:TSCDY) traded down 2.00% during trading on Thursday, hitting $7.46. The company’s stock had a trading volume of 28,197 shares. The firm has a market cap of $20.22 billion, a P/E ratio of 113.03 and a beta of 0.66. The firm has a 50 day moving average of $6.74 and a 200 day moving average of $6.96. Tesco PLC has a 12 month low of $6.00 and a 12 month high of $9.38.
Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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