Ted Baker plc (TED) Receives “Hold” Rating from Peel Hunt
Ted Baker plc (LON:TED)‘s stock had its “hold” rating reiterated by stock analysts at Peel Hunt in a research note issued on Tuesday. They presently have a GBX 3,100 ($38.37) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 28.36% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 2,925 ($36.20) price objective (down previously from GBX 3,500 ($43.32)) on shares of Ted Baker plc in a research report on Friday, September 23rd. BNP Paribas began coverage on shares of Ted Baker plc in a research report on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) price objective for the company. Panmure Gordon reissued a “sell” rating on shares of Ted Baker plc in a research report on Wednesday, July 13th. Jefferies Group lowered their target price on shares of Ted Baker plc from GBX 3,000 ($37.13) to GBX 2,820 ($34.90) and set a “buy” rating for the company in a report on Tuesday, July 5th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a report on Tuesday, July 5th. One 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 presently has a consensus rating of “Buy” and a consensus price target of GBX 3,169.33 ($39.22).
Shares of Ted Baker plc (LON:TED) opened at 2527.00 on Tuesday. The firm’s market capitalization is GBX 1.11 billion. The stock has a 50 day moving average of GBX 2,597.92 and a 200-day moving average of 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 other Ted Baker plc news, insider Anderson,Charles sold 2,339 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 2,276 ($28.17), for a total transaction of £53,235.64 ($65,885.69).
About Ted Baker plc
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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