Today, BNP Paribas Downgrades Tesco PLC (TSCDY) to Neutral

Today, BNP Paribas Downgrades Tesco PLC (TSCDY) to Neutral

Tesco PLC (OTCMKTS:TSCDY) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, StockTargetPrices.com reports.

Separately, HSBC cut shares of 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 assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $7.50.

Tesco PLC (OTCMKTS:TSCDY) traded down 2.68% on Thursday, reaching $7.63. 278,948 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $6.69 and its 200 day moving average price is $6.96. Tesco PLC has a 52-week low of $6.00 and a 52-week high of $9.38. The firm has a market capitalization of $20.68 billion, a PE ratio of 115.61 and a beta of 0.66.

10/06/bnp-paribas-downgrades-tesco-plc-tscdy-to-neutral.html

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