Ted Baker (TED) Trading Up 10.6%

Ted Baker plc (LON:TED)’s share price was up 10.6% on Wednesday . The company traded as high as GBX 1,779 ($23.25) and last traded at GBX 1,746 ($22.81). Approximately 94,841 shares were traded during trading, an increase of 84% from the average daily volume of 51,572 shares. The stock had previously closed at GBX 1,579 ($20.63).

A number of equities analysts recently weighed in on TED shares. HSBC lowered shares of Ted Baker to a “hold” rating in a research report on Wednesday, December 5th. Royal Bank of Canada decreased 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 report on Monday, October 15th. Peel Hunt lowered shares of Ted Baker to a “hold” rating in a report on Thursday, December 6th. Barclays decreased their target price 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. Finally, Jefferies Financial Group upgraded shares of Ted Baker to a “buy” rating in a report on Friday, December 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ted Baker has a consensus rating of “Buy” and a consensus price target of GBX 2,544.50 ($33.25).

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About Ted Baker (LON:TED)

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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