Ted Baker plc (LON:TED)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $912.50. Ted Baker shares last traded at $923.00, with a volume of 136,646 shares changing hands.
Several analysts recently weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 950 ($12.41) price objective (down from GBX 1,400 ($18.29)) on shares of Ted Baker in a research report on Monday, June 10th. Goldman Sachs Group cut their price objective on shares of Ted Baker from GBX 1,700 ($22.21) to GBX 890 ($11.63) and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Royal Bank of Canada downgraded shares of Ted Baker to a “sector performer” rating and cut their price objective for the company from GBX 1,900 ($24.83) to GBX 900 ($11.76) in a research report on Wednesday, June 26th. Finally, Liberum Capital reiterated a “buy” rating on shares of Ted Baker in a research report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Ted Baker currently has an average rating of “Hold” and an average price target of GBX 1,505 ($19.67).
The company has a market capitalization of $410.90 million and a PE ratio of 10.11. The company has a debt-to-equity ratio of 56.59, a quick ratio of 0.34 and a current ratio of 1.51. The stock’s 50 day moving average price is GBX 865.77.
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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