Ted Baker (LON:TED) Given New GBX 1,280 Price Target at Liberum Capital

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Ted Baker (LON:TED) had its price target lowered by Liberum Capital from GBX 2,300 ($30.05) to GBX 1,280 ($16.73) in a report published on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

TED has been the topic of a number of other research reports. Peel Hunt reissued a hold rating on shares of Ted Baker in a research note on Tuesday, March 5th. Jefferies Financial Group downgraded Ted Baker to a hold rating in a research note on Tuesday, April 9th. Royal Bank of Canada cut their price target on Ted Baker from GBX 2,000 ($26.13) to GBX 1,900 ($24.83) and set an outperform rating on the stock in a research note on Friday, March 22nd. HSBC reissued a buy rating on shares of Ted Baker in a research note on Friday, March 1st. Finally, Goldman Sachs Group cut shares of Ted Baker to a neutral rating and lowered their price objective for the company from GBX 2,150 ($28.09) to GBX 1,800 ($23.52) in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Ted Baker has an average rating of Buy and an average target price of GBX 1,923.25 ($25.13).

TED stock opened at GBX 955 ($12.48) on Tuesday. The company has a debt-to-equity ratio of 56.59, a quick ratio of 0.34 and a current ratio of 1.51. The firm has a market capitalization of $425.59 million and a PE ratio of 10.46. Ted Baker has a twelve month low of GBX 1,286 ($16.80) and a twelve month high of GBX 2,488 ($32.51).

The company also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 16th will be given a GBX 40.70 ($0.53) dividend. This represents a dividend yield of 2.46%. The ex-dividend date is Thursday, May 16th. Ted Baker’s dividend payout ratio is currently 0.65%.

About Ted Baker

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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