Ted Baker (LON:TED) had its target price cut by Liberum Capital from GBX 2,300 ($30.05) to GBX 1,280 ($16.73) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
TED has been the subject of several 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 lowered their target price on Ted Baker from GBX 2,000 ($26.13) to GBX 1,900 ($24.83) and set an outperform rating for the company in a research note on Friday, March 22nd. HSBC reaffirmed a buy rating on shares of Ted Baker in a research note on Friday, March 1st. Finally, Goldman Sachs Group downgraded 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 note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ted Baker currently has a consensus rating of Hold and a consensus price target of GBX 1,763.57 ($23.04).
Shares of LON TED opened at GBX 905 ($11.83) on Tuesday. The company has a debt-to-equity ratio of 56.59, a current ratio of 1.51 and a quick ratio of 0.34. The stock has a market cap of $403.31 million and a price-to-earnings ratio of 9.91. Ted Baker has a 12 month low of GBX 1,286 ($16.80) and a 12 month high of GBX 2,488 ($32.51).
The company also recently disclosed a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 16th will be paid 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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