Ted Baker (TED) Lifted to “Buy” at Jefferies Financial Group
Several other research analysts also recently commented on the company. Peel Hunt downgraded Ted Baker to a hold rating in a report on Thursday. HSBC downgraded Ted Baker to a hold rating in a report on Wednesday, December 5th. Liberum Capital restated a buy rating on shares of Ted Baker in a report on Wednesday, December 5th. Royal Bank of Canada reduced their price objective on Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an outperform rating on the stock in a report on Monday, October 15th. Finally, Barclays reduced their price objective on 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 report on Friday, October 5th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,726.78 ($35.63).
Shares of LON TED opened at GBX 1,493 ($19.51) on Friday. Ted Baker has a fifty-two week low of GBX 2,286 ($29.87) and a fifty-two week high of GBX 3,244 ($42.39).
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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