Ted Baker (TED) Now Covered by Barclays
Equities researchers at Barclays assumed coverage on shares of Ted Baker (LON:TED) in a report issued on Wednesday. The brokerage set an “equal weight” rating and a GBX 2,700 ($36.34) price target on the stock. Barclays’ target price suggests a potential upside of 6.30% from the company’s previous close.
Several other research analysts have also issued reports on TED. Liberum Capital reissued a “buy” rating and set a GBX 3,100 ($41.72) target price on shares of Ted Baker in a research note on Wednesday, September 13th. Peel Hunt reissued a “hold” rating and set a GBX 2,750 ($37.01) target price on shares of Ted Baker in a research note on Friday, September 15th. Finally, Jefferies Group increased their target price on shares of Ted Baker from GBX 2,900 ($39.03) to GBX 3,100 ($41.72) and gave the stock a “buy” rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Ted Baker currently has an average rating of “Buy” and a consensus price target of GBX 2,952.14 ($39.73).
Shares of Ted Baker (TED) traded down GBX 54 ($0.73) during midday trading on Wednesday, reaching GBX 2,540 ($34.19). 31,400 shares of the company traded hands, compared to its average volume of 72,447. Ted Baker has a fifty-two week low of GBX 2,286 ($30.77) and a fifty-two week high of GBX 3,150 ($42.40).
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Ted Baker Company Profile
Ted Baker Plc is a United Kingdom-based global lifestyle company. The Company offers a range of collections, including menswear, womenswear, 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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