BNP Paribas Lowers Tesco PLC (TSCDY) to Neutral
Tesco PLC (NASDAQ:TSCDY) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Thursday.
A number of other equities analysts also recently issued reports on the company. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday. Zacks Investment Research cut shares of Tesco PLC from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.75.
Shares of Tesco PLC (NASDAQ:TSCDY) traded down 2.81% during midday trading on Thursday, reaching $7.62. The company had a trading volume of 14,059 shares. The firm has a market capitalization of $20.65 billion and a P/E ratio of 115.45. The company has a 50 day moving average price of $6.69 and a 200-day moving average price of $6.96. Tesco PLC has a one year low of $6.00 and a one year high of $9.38.
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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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