Ted Baker plc (TED) Receives Average Recommendation of “Buy” from Analysts

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Shares of Ted Baker plc (LON:TED) have been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,923.88 ($38.21).

A number of equities research analysts have weighed in on TED shares. Peel Hunt reiterated an “add” rating and set a GBX 2,400 ($31.36) price target (down previously from GBX 2,800 ($36.59)) on shares of Ted Baker in a research note on Thursday, October 4th. HSBC started coverage on shares of Ted Baker in a research note on Tuesday, July 10th. They set a “buy” rating and a GBX 2,900 ($37.89) price target on the stock. Liberum Capital decreased their price target on shares of Ted Baker from GBX 3,300 ($43.12) to GBX 3,100 ($40.51) and set a “buy” rating on the stock in a research note on Thursday, October 4th. Royal Bank of Canada decreased their price target on shares of Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an “outperform” rating on the stock in a research note on Monday, October 15th. Finally, Barclays decreased their price target on shares of Ted Baker from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “equal weight” rating on the stock in a research note on Friday, October 5th.

Shares of Ted Baker stock traded up GBX 102 ($1.33) during midday trading on Thursday, hitting GBX 1,934 ($25.27). The company had a trading volume of 61,958 shares, compared to its average volume of 51,572. Ted Baker has a 1-year low of GBX 2,286 ($29.87) and a 1-year high of GBX 3,244 ($42.39).

The firm also recently declared a dividend, which will be paid on Friday, November 23rd. Shareholders of record on Thursday, October 11th will be paid a dividend of GBX 17.90 ($0.23) per share. The ex-dividend date is Thursday, October 11th. This represents a yield of 0.86%.

Ted Baker Company Profile

Ted Baker Plc engages in the design, wholesale, and retail of menswear, womenswear, and accessories under the Ted Baker name. The company operates through three segments: Retail, Wholesale, and Licensing. It offers a range of collections, including global, phormal, endurance, accessories, bedding, children's wear, crockery, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles, and watches.

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Analyst Recommendations for Ted Baker (LON:TED)

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