Ted Baker (TED) Lifted to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Ted Baker (LON:TED) to a buy rating in a report released on Friday morning.

A number of other analysts have also recently commented on the stock. Liberum Capital restated a buy rating on shares of Ted Baker in a report on Wednesday. Peel Hunt cut shares of Ted Baker to a hold rating in a report on Thursday. HSBC cut shares of Ted Baker to a hold rating in a report on Wednesday. Barclays dropped their target price on shares of 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 dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 2,726.78 ($35.63).

Ted Baker stock traded down GBX 18 ($0.24) during mid-day trading on Friday, reaching GBX 1,493 ($19.51). 203,233 shares of the company traded hands, compared to its average volume of 51,572. Ted Baker has a 52-week low of GBX 2,286 ($29.87) and a 52-week high of GBX 3,244 ($42.39).

The firm also recently announced a dividend, which was paid on Friday, November 23rd. Stockholders of record on Thursday, October 11th were issued a dividend of GBX 17.90 ($0.23) per share. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, October 11th.

About Ted Baker

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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Analyst Recommendations for Ted Baker (LON:TED)

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