Ted Baker plc (TED) Given Consensus Recommendation of “Buy” by Analysts

Shares of Ted Baker plc (LON:TED) have earned an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 2,223.50 ($29.05).

A number of equities research analysts recently issued reports on TED shares. HSBC downgraded Ted Baker to a “hold” rating in a research report on Wednesday, December 5th. Liberum Capital reiterated a “buy” rating on shares of Ted Baker in a research report on Monday, February 4th. Peel Hunt downgraded Ted Baker to a “hold” rating in a research report on Thursday, December 6th. Jefferies Financial Group upgraded Ted Baker to a “buy” rating in a research report on Friday, December 7th. Finally, Royal Bank of Canada lowered their price objective on Ted Baker from GBX 2,500 ($32.67) to GBX 2,000 ($26.13) and set an “outperform” rating on the stock in a research report on Monday, January 7th.

Ted Baker stock opened at GBX 1,654 ($21.61) on Friday. Ted Baker has a one year low of GBX 1,312 ($17.14) and a one year high of GBX 2,914 ($38.08). The company has a debt-to-equity ratio of 64.66, a current ratio of 1.46 and a quick ratio of 0.42. The firm has a market capitalization of $737.08 million and a PE ratio of 14.03.

The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 16th will be given a GBX 40.70 ($0.53) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 2.46%. Ted Baker’s dividend payout ratio (DPR) is presently 0.52%.

About Ted Baker

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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