Ted Baker plc (TED) Given New GBX 3,100 Price Target at Goldman Sachs Group Inc

Ted Baker plc (LON:TED) had its price objective cut by Goldman Sachs Group Inc from GBX 3,140 ($39.46) to GBX 3,100 ($38.96) in a report published on Friday. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Liberum Capital reiterated a buy rating and set a GBX 3,100 ($38.96) price target on shares of Ted Baker plc in a report on Wednesday, January 11th. Jefferies Group LLC reiterated a buy rating and set a GBX 2,820 ($35.44) price target on shares of Ted Baker plc in a report on Friday. Peel Hunt reiterated a hold rating and set a GBX 3,100 ($38.96) price target on shares of Ted Baker plc in a report on Wednesday, January 11th. Finally, Panmure Gordon reiterated a sell rating on shares of Ted Baker plc in a report on Thursday, January 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 3,122.50 ($39.24).

Analyst Recommendations for Ted Baker plc (LON:TED)

Ted Baker plc (LON:TED) traded up 0.88% on Friday, reaching GBX 2751.00. 69,019 shares of the company traded hands. The company’s market capitalization is GBX 1.21 billion. Ted Baker plc has a one year low of GBX 2,069.00 and a one year high of GBX 3,150.00. The stock’s 50 day moving average price is GBX 2,829.46 and its 200 day moving average price is GBX 2,695.26.

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The business also recently disclosed a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, May 18th will be issued a GBX 38.80 ($0.49) dividend. The ex-dividend date is Thursday, May 18th. This is a positive change from Ted Baker plc’s previous dividend of $14.80. This represents a yield of 1.46%.

In other Ted Baker plc news, insider Lindsay Dennis Page sold 29,779 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of GBX 2,942 ($36.97), for a total value of £876,098.18 ($1,101,040.82).

About Ted Baker plc

Ted Baker Plc is a United Kingdom-based global lifestyle company. The Company offers a range of collections, including menswear, womenswear, 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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