Ted Baker (LON:TED) was downgraded by equities researchers at HSBC to a “hold” rating in a note issued to investors on Wednesday, December 5th.
Several other research firms also recently commented on TED. Liberum Capital cut their price objective on Ted Baker from GBX 3,300 ($43.12) to GBX 3,100 ($40.51) and set a “buy” rating for the company in a report on Thursday, October 4th. Peel Hunt reissued an “add” rating and issued a GBX 2,400 ($31.36) price objective (down previously from GBX 2,800 ($36.59)) on shares of Ted Baker in a report on Thursday, October 4th. Barclays dropped their price target 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 research note on Friday, October 5th. Finally, Royal Bank of Canada dropped their price target 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 research note on Monday, October 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,726.78 ($35.63).
Shares of LON TED traded up GBX 11 ($0.14) during trading hours on Wednesday, hitting GBX 1,473 ($19.25). The company had a trading volume of 61,719 shares, compared to its average volume of 51,572. Ted Baker has a 1-year low of GBX 2,286 ($29.87) and a 1-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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