Royal Bank of Canada Trims Ted Baker (LON:TED) Target Price to GBX 440

Ted Baker (LON:TED) had its price target lowered by stock analysts at Royal Bank of Canada from GBX 900 ($11.76) to GBX 440 ($5.75) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “sector performer” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 9.78% from the stock’s current price.

TED has been the topic of several other reports. Peel Hunt reissued a “hold” rating and set a GBX 950 ($12.41) price target on shares of Ted Baker in a research note on Thursday, October 3rd. Goldman Sachs Group decreased their price target 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 research note on Thursday, November 7th. Liberum Capital reissued an “under review” rating on shares of Ted Baker in a research note on Thursday, October 3rd. Finally, Peel Hunt reissued a “hold” rating and set a GBX 950 ($12.41) price target on shares of Ted Baker in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,176.43 ($15.37).

TED stock opened at GBX 400.80 ($5.24) on Friday. The company has a market capitalization of $184.34 million and a PE ratio of 154.15. Ted Baker has a one year low of GBX 405.80 ($5.30) and a one year high of GBX 2,128 ($27.81). The company’s 50 day moving average price is GBX 538.05 and its two-hundred day moving average price is GBX 954.46. The company has a debt-to-equity ratio of 157.42, a quick ratio of 0.31 and a current ratio of 1.17.

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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