Ted Baker plc (LON:TED)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research note issued to investors on Thursday. They presently have a GBX 3,140 ($38.86) target price on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 21.71% from the stock’s previous close.
Several other equities analysts have also issued reports on TED. Jefferies Group reduced their target price on Ted Baker plc from GBX 3,000 ($37.13) to GBX 2,820 ($34.90) and set a “buy” rating for the company in a report on Tuesday, July 5th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a report on Tuesday, October 11th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a report on Tuesday, August 2nd. BNP Paribas started coverage on Ted Baker plc in a report on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) target price for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 3,571 ($44.20) target price on shares of Ted Baker plc in a report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 3,205.17 ($39.67).
Ted Baker plc (LON:TED) opened at 2511.76 on Thursday. The firm’s market capitalization is GBX 1.10 billion. The firm has a 50-day moving average price of GBX 2,592.89 and a 200 day moving average price of GBX 2,475.61. Ted Baker plc has a one year low of GBX 2,069.00 and a one year high of GBX 3,650.00.
The firm also recently announced a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 20th will be issued a GBX 14.80 ($0.18) dividend. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, October 20th.
In other news, insider Anderson,Charles sold 2,339 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 2,276 ($28.17), for a total value of £53,235.64 ($65,885.69).
About Ted Baker plc
Ted Baker Plc is a global lifestyle company. The Company offers a range of collections, including menswear, womenswearm, global, phormal, endurance, accessories, audio, bedding, childrenswear, crockery, eyewear, footwear, fragrance and skinwear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles and watches.
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