Ted Baker (TED) Rating Increased to Buy at Jefferies Financial Group
Ted Baker (LON:TED) was upgraded by equities researchers at Jefferies Financial Group to a “buy” rating in a research report issued on Friday.
A number of other research analysts also recently weighed in on TED. Liberum Capital reiterated a “buy” rating on shares of Ted Baker in a report on Wednesday. Peel Hunt downgraded Ted Baker to a “hold” rating in a report on Thursday. HSBC downgraded Ted Baker to a “hold” rating in a report on Wednesday. Barclays reduced their target price on 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 report on Friday, October 5th. Finally, Royal Bank of Canada reduced their target price on Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an “outperform” rating on the stock in a 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 company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,726.78 ($35.63).
TED opened at GBX 1,504 ($19.65) on Friday. Ted Baker has a one year low of GBX 2,286 ($29.87) and a one year high of GBX 3,244 ($42.39).
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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