Ted Baker (TED.L) 01-11-19
Shares in Ted Baker (TED.L) have fallen dramatically from recent highs of 2000p. Will it continue, or is this an opportunity to pick up a bargain?
- Now trading at 412.65p (at time of writing). A return to previous highs would represent a rise of 384%.
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Shares -80% from 12-month highs; +1% from 12 month lows.
03 Oct: Ted Baker, the lifestyle brand, reported a loss of £23m in its H1 results, hit by weak consumer spending. Group revenue declined 0.7% to £303.8m.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires