Ted Baker plc (TED) Earns “Buy” Rating from Canaccord Genuity
Ted Baker plc (LON:TED)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a report released on Tuesday. They presently have a GBX 3,571 ($44.20) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 47.87% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Peel Hunt restated a “hold” rating and set a GBX 3,100 ($38.37) price objective on shares of Ted Baker plc in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a report on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a GBX 2,820 ($34.90) target price on shares of Ted Baker plc in a report on Tuesday. Panmure Gordon reaffirmed a “sell” rating on shares of Ted Baker plc in a report on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 4,300 ($53.22) target price on shares of Ted Baker plc in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 3,169.33 ($39.22).
Ted Baker plc (LON:TED) opened at 2545.00 on Tuesday. The firm’s market cap is GBX 1.12 billion. The company’s 50-day moving average price is GBX 2,597.92 and its 200-day moving average price 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.
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In related news, insider Anderson,Charles sold 2,339 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was 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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