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

Ted Baker plc (LON:TED) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 2,247.75 ($29.37).

TED has been the topic of a number of recent analyst reports. Liberum Capital reissued a “buy” rating on shares of Ted Baker in a report on Wednesday, April 10th. Jefferies Financial Group downgraded shares of Ted Baker to a “hold” rating in a report on Tuesday, April 9th. HSBC reissued a “buy” rating on shares of Ted Baker in a report on Friday, March 1st. Peel Hunt reissued a “hold” rating on shares of Ted Baker in a report on Tuesday, March 5th. Finally, Goldman Sachs Group lowered their price target on shares of Ted Baker from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) and set a “neutral” rating on the stock in a report on Wednesday, May 22nd.

Shares of LON TED opened at GBX 1,368 ($17.88) on Friday. Ted Baker has a 52 week low of GBX 1,286 ($16.80) and a 52 week high of GBX 2,488 ($32.51). The company has a market cap of $609.64 million and a P/E ratio of 14.98. The company has a quick ratio of 0.34, a current ratio of 1.51 and a debt-to-equity ratio of 56.59.

The company also recently declared a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 16th will be issued a dividend of GBX 40.70 ($0.53) per share. This represents a yield of 2.46%. The ex-dividend date is Thursday, May 16th. Ted Baker’s dividend payout ratio (DPR) is presently 0.65%.

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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