Ted Baker plc (TED) Receives Consensus Rating of “Buy” from Analysts
Shares of Ted Baker plc (LON:TED) have been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,960.83 ($39.92).
TED has been the topic of several recent analyst reports. Royal Bank of Canada initiated coverage on shares of Ted Baker plc in a research note on Friday, June 9th. They set an “outperform” rating and a GBX 2,800 ($37.75) price objective on the stock. Peel Hunt reissued a “hold” rating and set a GBX 2,750 ($37.08) price objective on shares of Ted Baker plc in a research note on Friday, September 15th. Jefferies Group LLC lifted their price objective on shares of Ted Baker plc from GBX 2,820 ($38.02) to GBX 2,900 ($39.10) and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 3,100 ($41.80) price objective on shares of Ted Baker plc in a research note on Tuesday, June 13th.
Shares of Ted Baker plc (LON:TED) opened at 2461.00 on Wednesday. Ted Baker plc has a 12-month low of GBX 2,286.00 and a 12-month high of GBX 3,150.00. The firm’s market cap is GBX 1.09 billion. The stock’s 50 day moving average is GBX 2,469.30 and its 200-day moving average is GBX 2,561.01.
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In related news, insider Charles Anderson sold 4,402 shares of Ted Baker plc stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of GBX 2,385 ($32.16), for a total transaction of £104,987.70 ($141,550.09).
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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