Goldman Sachs Group Inc. Reiterates Buy Rating for Ted Baker plc (TED)
Ted Baker plc (LON:TED)‘s stock had its ” buy” rating restated by research analysts at Goldman Sachs Group Inc. in a report released on Thursday. They presently have a GBX 3,140 ($38.86) price target on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 23.38% from the company’s current price.
Several other equities research analysts also recently commented on TED. Jefferies Group reduced their target price on shares of Ted Baker plc from GBX 3,000 ($37.13) to GBX 2,820 ($34.90) and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 3,571 ($44.20) price target on shares of Ted Baker plc in a report on Tuesday. Peel Hunt reaffirmed a “hold” rating and issued a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a report on Tuesday, August 2nd. Finally, BNP Paribas assumed coverage on Ted Baker plc in a report on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company 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 2548.50 on Thursday. The firm’s market capitalization is GBX 1.12 billion. The firm has a 50 day moving average of GBX 2,595.03 and a 200 day moving average of GBX 2,474.35. Ted Baker plc has a one year low of GBX 2,069.00 and a one year high of GBX 3,650.00.
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The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 14.80 ($0.18) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 0.58%.
In other Ted Baker plc news, insider Anderson,Charles sold 2,339 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of GBX 2,276 ($28.17), for a total transaction of £53,235.64 ($65,885.69).
Ted Baker plc Company Profile
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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