Ted Baker plc (TED) Receives Consensus Recommendation of “Buy” from Analysts
Ted Baker plc (LON:TED) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,037.86 ($39.44).
Several research analysts have recently commented on TED shares. Liberum Capital reissued a “buy” rating and issued a GBX 3,100 ($40.24) price objective on shares of Ted Baker plc in a research note on Friday, July 7th. Jefferies Group LLC lifted their price objective on shares of Ted Baker plc from GBX 2,820 ($36.61) to GBX 2,900 ($37.65) and gave the company a “buy” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,800 ($36.35) price objective on shares of Ted Baker plc in a research note on Tuesday, June 27th. Finally, Peel Hunt decreased their price objective on shares of Ted Baker plc from GBX 3,100 ($40.24) to GBX 2,750 ($35.70) and set a “hold” rating on the stock in a research note on Tuesday, June 13th.
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In other news, insider Charles Anderson sold 4,402 shares of Ted Baker plc stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 2,385 ($30.96), for a total transaction of £104,987.70 ($136,294.56).
Shares of Ted Baker plc (LON:TED) opened at 2490.00 on Friday. Ted Baker plc has a 1-year low of GBX 2,286.00 and a 1-year high of GBX 3,150.00. The stock has a 50 day moving average price of GBX 2,446.42 and a 200-day moving average price of GBX 2,607.04. The firm’s market cap is GBX 1.10 billion.
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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