Peel Hunt Reiterates “Hold” Rating for Ted Baker (TED)
Ted Baker (LON:TED)‘s stock had its “hold” rating reiterated by equities researchers at Peel Hunt in a report issued on Tuesday. They currently have a GBX 2,750 ($37.01) price target on the stock. Peel Hunt’s target price indicates a potential upside of 5.57% from the stock’s previous close.
A number of other equities research analysts have also issued reports on TED. Jefferies Group increased their price target on Ted Baker from GBX 2,900 ($39.03) to GBX 3,100 ($41.72) and gave the company a “buy” rating in a research report on Wednesday, October 11th. Liberum Capital reiterated a “buy” rating and issued a GBX 3,100 ($41.72) price objective on shares of Ted Baker in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 2,994.17 ($40.30).
Ted Baker (LON TED) opened at GBX 2,647 ($35.63) on Tuesday. Ted Baker has a 52-week low of GBX 2,286 ($30.77) and a 52-week high of GBX 3,150 ($42.40).
In other news, insider Raymond Stuart Kelvin sold 62,527 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of GBX 2,760 ($37.15), for a total value of £1,725,745.20 ($2,322,671.87).
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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.
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