Barclays Lowers Ted Baker (LON:TED) Price Target to GBX 2,350

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Ted Baker (LON:TED) had its price objective reduced by Barclays from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) in a report issued on Friday, October 5th. Barclays currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Peel Hunt reaffirmed an add rating and set a GBX 2,400 ($31.36) price objective (down from GBX 2,800 ($36.59)) on shares of Ted Baker in a report on Thursday, October 4th. HSBC assumed coverage on shares of Ted Baker in a report on Tuesday, July 10th. They set a buy rating and a GBX 2,900 ($37.89) price objective on the stock. Liberum Capital reaffirmed a buy rating and set a GBX 3,300 ($43.12) price objective on shares of Ted Baker in a report on Tuesday, June 12th. Finally, Canaccord Genuity cut their price target on shares of Ted Baker from GBX 3,115 ($40.70) to GBX 3,041 ($39.74) and set a buy rating on the stock in a report on Tuesday, June 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,911.38 ($38.04).

LON TED opened at GBX 2,032 ($26.55) on Friday. Ted Baker has a 12-month low of GBX 2,286 ($29.87) and a 12-month high of GBX 3,244 ($42.39).

The business also recently declared a dividend, which will be paid on Friday, November 23rd. Investors of record on Thursday, October 11th will be issued a GBX 17.90 ($0.23) dividend. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, October 11th.

Ted Baker Company Profile

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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