Ted Baker (TED) Downgraded by Peel Hunt to Hold

Peel Hunt downgraded shares of Ted Baker (LON:TED) to a hold rating in a research note released on Thursday.

Several other equities analysts have also recently weighed in on TED. Liberum Capital reiterated a buy rating on shares of Ted Baker in a research report on Wednesday. HSBC cut shares of Ted Baker to a hold rating in a research report on Wednesday. Barclays lowered their price objective 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 report on Friday, October 5th. Finally, Royal Bank of Canada lowered their price objective 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 report on Monday, October 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ted Baker currently has a consensus rating of Buy and an average target price of GBX 2,726.78 ($35.63).

Shares of LON TED traded up GBX 31 ($0.41) during trading on Thursday, hitting GBX 1,542 ($20.15). The company had a trading volume of 75,095 shares, compared to its average volume of 51,572. Ted Baker has a 52 week low of GBX 2,286 ($29.87) and a 52 week high of GBX 3,244 ($42.39).

The business also recently disclosed a dividend, which was paid on Friday, November 23rd. Stockholders of record on Thursday, October 11th were given a dividend of GBX 17.90 ($0.23) per share. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 11th.

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.

Featured Article: What is a Tariff?

Analyst Recommendations for Ted Baker (LON:TED)

Receive News & Ratings for Ted Baker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ted Baker and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply