Ted Baker plc (TED) Earns “Buy” Rating from Liberum Capital
Ted Baker plc (LON:TED)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research report issued to clients and investors on Friday. They currently have a GBX 3,100 ($40.16) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 32.20% from the stock’s previous close.
Several other research firms have also recently issued reports on TED. Peel Hunt restated a “hold” rating and set a GBX 3,100 ($40.16) price objective on shares of Ted Baker plc in a research report on Thursday, March 23rd. Jefferies Group LLC restated a “buy” rating and set a GBX 2,820 ($36.53) price objective on shares of Ted Baker plc in a research report on Friday, March 24th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,800 ($36.27) price objective on shares of Ted Baker plc in a research report on Tuesday, June 27th. Canaccord Genuity restated a “buy” rating and set a GBX 3,115 ($40.35) price objective on shares of Ted Baker plc in a research report on Monday, March 27th. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on shares of Ted Baker plc from GBX 3,140 ($40.67) to GBX 3,100 ($40.16) and set a “buy” rating for the company in a research report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Ted Baker plc currently has a consensus rating of “Buy” and a consensus price target of GBX 3,037.86 ($39.35).
Shares of Ted Baker plc (TED) opened at 2345.00 on Friday. The company has a 50-day moving average of GBX 2,450.32 and a 200 day moving average of GBX 2,711.38. The stock’s market cap is GBX 1.04 billion. Ted Baker plc has a one year low of GBX 2,089.00 and a one year high of GBX 3,150.00.
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In other Ted Baker plc news, insider Charles Anderson sold 4,402 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 2,385 ($30.89), for a total transaction of £104,987.70 ($135,994.43).
About Ted Baker plc
Ted Baker Plc is a United Kingdom-based global lifestyle company. The Company offers a range of collections, including menswear, womenswear, 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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