Published On: Sat, Sep 10th, 2016

Ted Baker plc (TED) Coverage Initiated at BNP Paribas

Equities research analysts at BNP Paribas started coverage on shares of Ted Baker plc (LON:TED) in a research note issued on Friday. The brokerage set an “outperform” rating and a GBX 3,500 ($46.62) price target on the stock. BNP Paribas’ price objective points to a potential upside of 28.25% from the company’s previous close.
Several other research firms have also recently weighed in on TED. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 3,500 ($46.62) price objective on shares of Ted Baker plc in a research report on Tuesday. Peel Hunt reiterated a “hold” rating and set a GBX 3,100 ($41.29) price target on shares of Ted Baker plc in a research report on Tuesday, June 14th. Canaccord Genuity reiterated a “buy” rating and set a GBX 3,571 ($47.56) price target on shares of Ted Baker plc in a research report on Tuesday, June 14th. Liberum Capital reiterated a “buy” rating and set a GBX 3,100 ($41.29) price target on shares of Ted Baker plc in a research report on Tuesday, July 5th. Finally, Jefferies Group lowered their price target on shares of Ted Baker plc from GBX 3,000 ($39.96) to GBX 2,820 ($37.56) and set a “buy” rating for the company in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 3,265.17 ($43.49).
Shares of Ted Baker plc (LON:TED) traded down 0.98% during midday trading on Friday, hitting GBX 2729.00. 86,301 shares of the company traded hands. The stock’s market capitalization is GBX 1.20 billion. The stock’s 50-day moving average is GBX 2,480.14 and its 200 day moving average is GBX 2,534.15. Ted Baker plc has a 12-month low of GBX 2,069.00 and a 12-month high of GBX 3,650.00.

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In related news, insider Anderson,Charles sold 2,339 shares of Ted Baker plc stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 2,276 ($30.31), for a total transaction of £53,235.64 ($70,905.22).
Ted Baker plc Company Profile
Ted Baker Plc is a global lifestyle company. The Company offers a range of collections, including menswear, womenswearm, 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.

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