Ted Baker plc (TED) Given Buy Rating at Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Ted Baker plc (LON:TED) in a research note published on Tuesday morning. Canaccord Genuity currently has a GBX 3,571 ($44.20) target price on the stock.
A number of other brokerages also recently issued reports on TED. Goldman Sachs Group Inc. restated a buy rating and set a GBX 4,300 ($53.22) price objective on shares of Ted Baker plc in a research report on Monday, June 27th. Peel Hunt restated a hold rating and set a GBX 3,100 ($38.37) price objective on shares of Ted Baker plc in a research report on Tuesday, June 14th. Panmure Gordon restated a sell rating on shares of Ted Baker plc in a research report on Wednesday, July 13th. Liberum Capital restated a buy rating and set a GBX 3,100 ($38.37) price objective on shares of Ted Baker plc in a research report on Tuesday, July 5th. Finally, Jefferies Group restated a buy rating and set a GBX 2,820 ($34.90) price objective on shares of Ted Baker plc in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 3,169.33 ($39.22).
Ted Baker plc (LON:TED) opened at 2549.00 on Tuesday. Ted Baker plc has a 12 month low of GBX 2,069.00 and a 12 month high of GBX 3,650.00. The company’s 50-day moving average is GBX 2,596.08 and its 200 day moving average is GBX 2,473.85. The company’s market cap is GBX 1.12 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be paid 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 firm’s stock in a transaction that occurred on 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).
About Ted Baker plc
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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