Liberum Capital Reaffirms “Buy” Rating for Ted Baker plc (TED)
Ted Baker plc (LON:TED)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 3,100 ($39.50) target price on the stock. Liberum Capital’s price objective points to a potential upside of 26.63% from the company’s current price.
Other research analysts have also issued research reports about the company. Peel Hunt reaffirmed a “hold” rating and set a GBX 3,100 ($39.50) price target on shares of Ted Baker plc in a research report on Thursday, March 23rd. Jefferies Group LLC boosted their price target on Ted Baker plc from GBX 2,820 ($35.93) to GBX 2,900 ($36.95) and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada began coverage on Ted Baker plc in a research report on Friday, June 9th. They set an “outperform” rating and a GBX 2,800 ($35.67) price target on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 3,115 ($39.69) price target on shares of Ted Baker plc in a research report on Monday, March 27th. Finally, Goldman Sachs Group, Inc. (The) decreased their target price on Ted Baker plc from GBX 3,140 ($40.01) to GBX 3,100 ($39.50) and set a “buy” rating on the stock in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 3,037.86 ($38.70).
Shares of Ted Baker plc (TED) traded down 0.89% during trading on Monday, hitting GBX 2448.00. The stock had a trading volume of 44,593 shares. The company’s market capitalization is GBX 1.08 billion. The firm has a 50 day moving average of GBX 2,518.97 and a 200 day moving average of GBX 2,726.55. Ted Baker plc has a 1-year low of GBX 2,069.00 and a 1-year high of GBX 3,150.00.
The firm also recently announced a dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, May 18th will be issued a dividend of GBX 38.80 ($0.49) per share. The ex-dividend date of this dividend is Thursday, May 18th. This is a positive change from Ted Baker plc’s previous dividend of $14.80. This represents a dividend yield of 1.46%.
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In related news, insider Charles Anderson sold 4,386 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of GBX 2,767 ($35.25), for a total transaction of £121,360.62 ($154,619.21).
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.
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