Ted Baker plc (LON:TED) Given Average Rating of “Buy” by Brokerages

Ted Baker plc (LON:TED) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 3,037.86 ($39.56).

A number of analysts recently issued reports on TED shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,800 ($36.46) target price on shares of Ted Baker plc in a research report on Tuesday, June 27th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,100 ($40.37) target price on shares of Ted Baker plc in a research report on Tuesday, June 13th. Peel Hunt lowered their target price on Ted Baker plc from GBX 3,100 ($40.37) to GBX 2,750 ($35.81) and set a “hold” rating on the stock in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC boosted their price target on Ted Baker plc from GBX 2,820 ($36.72) to GBX 2,900 ($37.77) and gave the stock a “buy” rating in a research report on Wednesday, June 14th.

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In other Ted Baker plc news, insider Charles Anderson sold 4,402 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 2,385 ($31.06), for a total transaction of £104,987.70 ($136,720.54).

Ted Baker plc (LON:TED) opened at 2384.00 on Tuesday. The stock’s 50 day moving average price is GBX 2,422.05 and its 200-day moving average price is GBX 2,640.67. Ted Baker plc has a one year low of GBX 2,286.00 and a one year high of GBX 3,150.00. The firm’s market cap is GBX 1.05 billion.

Ted Baker plc Company Profile

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.

Analyst Recommendations for Ted Baker plc (LON:TED)

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