Analysts Set Ted Baker plc (LON:TED) Target Price at $3,037.86

Shares of Ted Baker plc (LON:TED) have been assigned an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,037.86 ($39.35).

Several research analysts have commented on the company. Liberum Capital reissued a “buy” rating and set a GBX 3,100 ($40.16) target price on shares of Ted Baker plc in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,800 ($36.27) target price on shares of Ted Baker plc in a research note on Tuesday, June 27th. Jefferies Group LLC boosted their target price on Ted Baker plc from GBX 2,820 ($36.53) to GBX 2,900 ($37.56) and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Peel Hunt lowered their target price on Ted Baker plc from GBX 3,100 ($40.16) to GBX 2,750 ($35.62) and set a “hold” rating for the company in a research note on Tuesday, June 13th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 3,115 ($40.35) target price on shares of Ted Baker plc in a research note on Monday, March 27th.

Ted Baker plc (LON TED) traded down 1.07% during midday trading on Friday, reaching GBX 2320.00. 56,903 shares of the company’s stock traded hands. Ted Baker plc has a 52-week low of GBX 2,159.00 and a 52-week high of GBX 3,150.00. The stock has a 50-day moving average of GBX 2,450.32 and a 200 day moving average of GBX 2,711.38. The company’s market cap is GBX 1.02 billion.

In other news, insider Charles Anderson sold 4,402 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 2,385 ($30.89), for a total value of £104,987.70 ($135,994.43).

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About Ted Baker plc

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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