Barclays Begins Coverage on Ted Baker (TED)

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

TED has been the subject of several other reports. Liberum Capital reissued a buy rating and set a GBX 3,100 ($41.72) price target on shares of Ted Baker in a report on Tuesday, October 10th. Peel Hunt reissued a hold rating and set a GBX 2,750 ($37.01) price target on shares of Ted Baker in a report on Thursday, November 16th. Finally, Jefferies Group increased their price target on shares of Ted Baker from GBX 2,900 ($39.03) to GBX 3,100 ($41.72) and gave the stock a buy rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Ted Baker currently has an average rating of Buy and an average price target of GBX 2,952.14 ($39.73).

Ted Baker (LON:TED) opened at GBX 2,543.38 ($34.23) on Wednesday. Ted Baker has a 1-year low of GBX 2,286 ($30.77) and a 1-year high of GBX 3,150 ($42.40).

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

In other Ted Baker news, insider Raymond Stuart Kelvin sold 62,527 shares of the stock in a transaction dated 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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