Liberum Capital Reaffirms “Buy” Rating for Ted Baker (TED)
Ted Baker (LON:TED)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a note issued to investors on Wednesday. They currently have a GBX 3,100 ($40.51) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 59.30% from the stock’s previous close.
TED has been the topic of several other research reports. HSBC cut Ted Baker to a “hold” rating in a research report on Wednesday, December 5th. Royal Bank of Canada reduced their target price on 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 report on Monday, October 15th. Peel Hunt cut Ted Baker to a “hold” rating in a report on Thursday, December 6th. Barclays lowered their target price on 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. Finally, Jefferies Financial Group raised Ted Baker to a “buy” rating in a research report on Friday, December 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,544.50 ($33.25).
Shares of TED opened at GBX 1,946 ($25.43) on Wednesday. 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.
Featured Story: How to Profit and Limit Losses With Stop Orders
Receive News & Ratings for Ted Baker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ted Baker and related companies with MarketBeat.com's FREE daily email newsletter.