Ted Baker plc’s (TED) Buy Rating Reiterated at Jefferies Group
Ted Baker plc (LON:TED)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research note issued on Tuesday. They presently have a GBX 2,820 ($34.90) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 16.77% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 2,925 ($36.20) target price (down from GBX 3,500 ($43.32)) on shares of Ted Baker plc in a research note on Friday, September 23rd. Liberum Capital reiterated a “buy” rating and set a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research report on Tuesday, July 5th. Canaccord Genuity reiterated a “buy” rating and set a GBX 3,571 ($44.20) price target on shares of Ted Baker plc in a research report on Tuesday, June 14th. Peel Hunt reiterated a “hold” rating and set a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research report on Tuesday. Finally, BNP Paribas started coverage on shares of Ted Baker plc in a research report on Friday, September 9th. They set an “outperform” rating and a GBX 3,500 ($43.32) price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Ted Baker plc has a consensus rating of “Buy” and a consensus target price of GBX 3,169.33 ($39.22).
Shares of Ted Baker plc (LON:TED) opened at 2547.80 on Tuesday. Ted Baker plc has a 52-week low of GBX 2,069.00 and a 52-week high of GBX 3,650.00. The firm has a 50-day moving average of GBX 2,597.92 and a 200-day moving average of GBX 2,475.50. The stock’s market cap is GBX 1.12 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/ted-baker-plcs-ted-buy-rating-reiterated-at-jefferies-group.html
In related 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).
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.
Receive News & Ratings for Ted Baker plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ted Baker plc and related companies with MarketBeat.com's FREE daily email newsletter.