BNP Paribas lowered shares of Tesco PLC (OTCMKTS:TSCDY) from an outperform rating to a neutral rating in a report published on Thursday.

Separately, HSBC downgraded Tesco PLC from a buy rating to a hold rating in a research note on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $7.50.

Shares of Tesco PLC (OTCMKTS:TSCDY) traded down 2.00% during mid-day trading on Thursday, reaching $7.46. 28,197 shares of the company’s stock traded hands. The company 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. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 113.03 and a beta of 0.66.

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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