Ted Baker plc (TED) Earns “Buy” Rating from Goldman Sachs Group Inc.
Ted Baker plc (LON:TED)‘s stock had its “buy” rating reissued by 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 target price would suggest a potential upside of 23.09% from the stock’s previous close.
A number of other equities analysts have also recently commented on TED. Jefferies Group cut their price target on shares of 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 research note on Tuesday, July 5th. Liberum Capital reissued a “buy” rating and issued a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research note on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a GBX 3,571 ($44.20) price target on shares of Ted Baker plc in a research note on Tuesday. Peel Hunt reissued a “hold” rating and issued a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research note on Tuesday, August 2nd. Finally, BNP Paribas assumed coverage on shares of Ted Baker plc in a research note on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 3,205.17 ($39.67).
Ted Baker plc (LON:TED) traded up 0.24% during trading on Thursday, hitting GBX 2551.00. 100,164 shares of the stock traded hands. Ted Baker plc has a 12 month low of GBX 2,069.00 and a 12 month high of GBX 3,650.00. The stock’s market cap is GBX 1.12 billion. The company has a 50-day moving average price of GBX 2,593.65 and a 200-day moving average price of GBX 2,474.88.
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The company also recently declared a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 14.80 ($0.18) per share. The ex-dividend date is Thursday, October 20th. This represents a yield of 0.58%.
In related news, insider Anderson,Charles sold 2,339 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were 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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