Ted Baker plc (TED) Receives “Hold” Rating from Peel Hunt
Ted Baker plc (LON:TED)‘s stock had its “hold” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 3,100 ($38.37) price target on the stock. Peel Hunt’s target price points to a potential upside of 28.36% from the stock’s previous close.
Several other brokerages have also commented on TED. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 3,500 ($43.32) price objective on shares of Ted Baker plc in a report on Tuesday, September 6th. BNP Paribas assumed coverage on shares of Ted Baker plc in a report on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) price objective on the stock. Canaccord Genuity restated a “buy” rating and issued a GBX 3,571 ($44.20) price objective on shares of Ted Baker plc in a report on Tuesday, June 14th. Liberum Capital restated a “buy” rating and issued a GBX 3,100 ($38.37) price objective on shares of Ted Baker plc in a report on Tuesday, July 5th. Finally, Jefferies Group decreased their price objective on shares of Ted Baker plc from GBX 3,000 ($37.13) to GBX 2,820 ($34.90) and set a “buy” rating on the stock in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Ted Baker plc has an average rating of “Buy” and an average target price of GBX 3,169.33 ($39.22).
Shares of Ted Baker plc (LON:TED) opened at 2527.00 on Tuesday. The stock’s market capitalization is GBX 1.11 billion. The stock’s 50 day moving average is GBX 2,597.92 and its 200-day moving average is GBX 2,475.50. Ted Baker plc has a one year low of GBX 2,069.00 and a one year high of GBX 3,650.00.
In other news, insider Anderson,Charles sold 2,339 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of GBX 2,276 ($28.17), for a total value of £53,235.64 ($65,885.69).
Ted Baker plc Company Profile
Ted Baker Plc is a global lifestyle company. The Company offers a range of collections, including menswear, womenswearm, global, phormal, endurance, accessories, audio, bedding, childrenswear, crockery, eyewear, footwear, fragrance and skinwear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles and watches.
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