Ted Baker (TED) Receives New Coverage from Analysts at Barclays

Barclays started coverage on shares of Ted Baker (LON:TED) in a research report released on Wednesday. The firm issued an equal weight rating and a GBX 2,700 ($36.34) price objective on the stock.

Several other research firms have also commented on TED. Peel Hunt reiterated a hold rating and set a GBX 2,750 ($37.01) price objective on shares of Ted Baker in a research report on Tuesday, October 10th. Liberum Capital reiterated a buy rating and set a GBX 3,100 ($41.72) price objective on shares of Ted Baker in a research report on Tuesday, October 10th. Finally, Jefferies Group increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Ted Baker currently has an average rating of Buy and a consensus price target of GBX 2,952.14 ($39.73).

Ted Baker (LON TED) traded down GBX 26.92 ($0.36) during mid-day trading on Wednesday, reaching GBX 2,513 ($33.82). 34,435 shares of the company’s stock traded hands, compared to its average volume of 72,447. Ted Baker has a fifty-two week low of GBX 2,286 ($30.77) and a fifty-two week high of GBX 3,150 ($42.40).

The company also recently announced a dividend, which was paid on Friday, November 17th. Stockholders of record on Thursday, October 19th were paid a GBX 16.60 ($0.22) dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 19th.

In other news, insider Raymond Stuart Kelvin sold 62,527 shares of the stock in a transaction on Wednesday, October 11th. The shares were 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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Ted Baker Company Profile

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 (LON:TED)

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