Ted Baker (TED) PT Lowered to GBX 2,000
Ted Baker (LON:TED) had its price objective cut by analysts at Goldman Sachs Group from GBX 2,750 ($35.93) to GBX 2,000 ($26.13) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 32.98% from the stock’s previous close.
TED has been the subject of several other research reports. Peel Hunt reissued an “add” rating on shares of Ted Baker in a research note on Thursday, October 18th. Liberum Capital reissued a “buy” rating on shares of Ted Baker in a research note on Monday, August 20th. Barclays decreased their price objective on shares of Ted Baker from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “equal weight” rating for the company in a research note on Friday, October 5th. HSBC reissued a “buy” rating on shares of Ted Baker in a research note on Wednesday, November 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an “outperform” rating for the company in a research note on Monday, October 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,726.78 ($35.63).
Shares of LON TED opened at GBX 1,504 ($19.65) on Friday. Ted Baker has a 1 year low of GBX 2,286 ($29.87) and a 1 year high of GBX 3,244 ($42.39).
Ted Baker Plc engages in the design, wholesale, and retail of menswear, womenswear, and accessories under the Ted Baker name. The company operates through three segments: Retail, Wholesale, and Licensing. It offers a range of collections, including global, phormal, endurance, accessories, bedding, children's wear, crockery, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles, and watches.
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