Ted Baker (TED) Upgraded to “Buy” at HSBC

Ted Baker (LON:TED) was upgraded by equities research analysts at HSBC to a “buy” rating in a research note issued on Thursday. The firm currently has a GBX 2,215 ($28.94) target price on the stock, up from their previous target price of GBX 1,450 ($18.95). HSBC’s target price would indicate a potential upside of 15.12% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an “outperform” rating on the stock in a research report on Monday, October 15th. Peel Hunt downgraded shares of Ted Baker to a “hold” rating in a report on Thursday, December 6th. Barclays dropped their price objective on shares of Ted Baker from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “equal weight” rating on the stock in a report on Friday, October 5th. Jefferies Financial Group raised shares of Ted Baker to a “buy” rating in a report on Friday, December 7th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Ted Baker in a report on Wednesday, December 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,544.50 ($33.25).

LON:TED opened at GBX 1,924 ($25.14) on Thursday. Ted Baker has a twelve month low of GBX 2,286 ($29.87) and a twelve month high of GBX 3,244 ($42.39).

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.

Further Reading: Cash Flow

Analyst Recommendations for Ted Baker (LON:TED)

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