Peel Hunt Reaffirms Hold Rating for Ted Baker plc (TED)
Ted Baker plc (LON:TED)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Friday. They presently have a GBX 2,750 ($35.52) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 12.57% from the stock’s current price.
A number of other analysts have also recently commented on TED. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,100 ($40.04) price target on shares of Ted Baker plc in a research report on Wednesday. Royal Bank Of Canada assumed coverage on shares of Ted Baker plc in a research report on Friday, June 9th. They set an “outperform” rating and a GBX 2,800 ($36.16) price target on the stock. Finally, Jefferies Group LLC upped their price target on shares of Ted Baker plc from GBX 2,820 ($36.42) to GBX 2,900 ($37.45) and gave the company a “buy” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,960.83 ($38.24).
Ted Baker plc (TED) traded up 0.91% on Friday, reaching GBX 2443.00. The company’s stock had a trading volume of 38,506 shares. Ted Baker plc has a 12 month low of GBX 2,286.00 and a 12 month high of GBX 3,150.00. The company’s market cap is GBX 1.08 billion. The stock’s 50 day moving average price is GBX 2,472.62 and its 200 day moving average price is GBX 2,570.03.
In other 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 ($30.80), for a total transaction of £104,987.70 ($135,590.47).
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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