Ted Baker (LON:TED) Cut to “Sector Performer” at Royal Bank of Canada

Royal Bank of Canada cut shares of Ted Baker (LON:TED) to a sector performer rating in a research report report published on Wednesday, June 26th, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has GBX 900 ($11.76) target price on the stock, down from their previous target price of GBX 1,900 ($24.83).

Several other brokerages have also issued reports on TED. Peel Hunt reiterated a buy rating on shares of Helical in a research report on Monday, June 10th. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Liberum Capital reiterated a buy rating and issued a GBX 1,350 ($17.64) target price on shares of in a research report on Friday, June 21st. HSBC set a €46.00 ($53.49) target price on shares of BNP Paribas and gave the stock a neutral rating in a research report on Friday, March 1st. Finally, Goldman Sachs Group set a €6.20 ($7.21) target price on shares of Kloeckner & Co SE and gave the stock a buy rating in a research report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 1,505 ($19.67).

Shares of LON:TED traded up GBX 6.50 ($0.08) during mid-day trading on Wednesday, reaching GBX 841.50 ($11.00). The company had a trading volume of 82,142 shares, compared to its average volume of 51,572. The company has a current ratio of 1.51, a quick ratio of 0.34 and a debt-to-equity ratio of 56.59. The stock has a market capitalization of $373.69 million and a price-to-earnings ratio of 9.22. The company has a 50-day simple moving average of GBX 975.75. Ted Baker has a one year low of GBX 750 ($9.80) and a one year high of GBX 2,418 ($31.60).

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.

Recommended Story: Cash Asset Ratio

Analyst Recommendations for Ted Baker (LON:TED)

Receive News & Ratings for Ted Baker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ted Baker and related companies with MarketBeat.com's FREE daily email newsletter.