Ted Baker plc (TED) Given Average Rating of “Buy” by Brokerages
Shares of Ted Baker plc (LON:TED) have received an average recommendation of “Buy” from the seven analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 3,122.50 ($40.31).
A number of analysts have recently issued reports on TED shares. Goldman Sachs Group Inc cut their price objective on Ted Baker plc from GBX 3,140 ($40.53) to GBX 3,100 ($40.02) and set a “buy” rating for the company in a research report on Friday, March 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 2,820 ($36.40) price objective on shares of Ted Baker plc in a research report on Friday, March 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 3,115 ($40.21) price objective on shares of Ted Baker plc in a research report on Monday, March 27th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,100 ($40.02) price objective on shares of Ted Baker plc in a research report on Wednesday, April 19th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 3,100 ($40.02) price objective on shares of Ted Baker plc in a research report on Thursday, March 23rd.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/05/16/ted-baker-plc-ted-given-average-rating-of-buy-by-brokerages.html.
In other news, insider Charles Anderson sold 4,386 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of GBX 2,767 ($35.72), for a total transaction of £121,360.62 ($156,654.99).
Shares of Ted Baker plc (LON:TED) opened at 2531.00 on Tuesday. The company has a 50-day moving average price of GBX 2,757.88 and a 200 day moving average price of GBX 2,741.99. Ted Baker plc has a 12-month low of GBX 2,069.00 and a 12-month high of GBX 3,150.00. The firm’s market capitalization is GBX 1.12 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 18th will be given a GBX 38.80 ($0.50) dividend. This represents a dividend yield of 1.46%. This is a boost from Ted Baker plc’s previous dividend of $14.80. The ex-dividend date is Thursday, May 18th.
Ted Baker plc Company Profile
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.
Receive News & Ratings for Ted Baker plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ted Baker plc and related companies with MarketBeat.com's FREE daily email newsletter.