Brokerages Set Ted Baker plc (TED) Target Price at $3,002.14

Ted Baker plc (LON:TED) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 3,002.14 ($41.48).

TED has been the subject of several recent analyst reports. Jefferies Group reiterated a “buy” rating and issued a GBX 3,000 ($41.45) price objective on shares of Ted Baker in a research note on Tuesday, January 2nd. Barclays initiated coverage on shares of Ted Baker in a research note on Wednesday, December 6th. They issued an “equal weight” rating and a GBX 2,700 ($37.30) price objective for the company. Liberum Capital reiterated a “buy” rating and issued a GBX 3,100 ($42.83) price objective on shares of Ted Baker in a research note on Thursday, November 16th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 2,750 ($37.99) price objective on shares of Ted Baker in a research note on Thursday, November 16th.

Ted Baker (TED) traded up GBX 58 ($0.80) during mid-day trading on Friday, reaching GBX 2,996 ($41.39). 36,965 shares of the company’s stock traded hands, compared to its average volume of 69,205. Ted Baker has a 12-month low of GBX 2,286 ($31.58) and a 12-month high of GBX 3,120 ($43.11). The company has a market capitalization of $1,330.00 and a price-to-earnings ratio of 2,699.10.

In other Ted Baker news, insider Lindsay Dennis Page sold 28,393 shares of Ted Baker stock in a transaction dated Friday, January 12th. The shares were sold at an average price of GBX 3,050 ($42.14), for a total transaction of £865,986.50 ($1,196,444.46).

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About Ted Baker

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 (LON:TED)

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