Ted Baker (LON:TED) had its target price cut by research analysts at Royal Bank of Canada from GBX 900 ($11.76) to GBX 440 ($5.75) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm currently has a “sector performer” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.00% from the stock’s previous close.
Several other analysts have also issued reports on TED. Goldman Sachs Group reduced their price objective on shares of Ted Baker from GBX 600 ($7.84) to GBX 450 ($5.88) and set a “neutral” rating on the stock in a report on Thursday, November 7th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 950 ($12.41) target price on shares of Ted Baker in a research report on Thursday, October 3rd. Peel Hunt reaffirmed a “hold” rating and issued a GBX 950 ($12.41) target price on shares of Ted Baker in a research report on Thursday, October 3rd. Finally, Liberum Capital reaffirmed an “under review” rating on shares of Ted Baker in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Ted Baker presently has an average rating of “Hold” and a consensus target price of GBX 1,176.43 ($15.37).
TED traded down GBX 5.80 ($0.08) on Friday, hitting GBX 396.40 ($5.18). The company had a trading volume of 120,676 shares, compared to its average volume of 51,572. The firm has a market cap of $176.66 million and a P/E ratio of 152.46. Ted Baker has a 1 year low of GBX 405.80 ($5.30) and a 1 year high of GBX 2,128 ($27.81). The company’s fifty day moving average price is GBX 527.62 and its 200 day moving average price is GBX 948.73. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 157.42.
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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