Ted Baker plc (TED) Given Consensus Rating of “Buy” by Brokerages
Shares of Ted Baker plc (LON:TED) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 3,169.33 ($39.22).
Several brokerages recently weighed in on TED. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 2,925 ($36.20) price target (down previously from GBX 3,500 ($43.32)) on shares of Ted Baker plc in a research note on Friday, September 23rd. Liberum Capital restated 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. Jefferies Group cut their price target on 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. Peel Hunt restated 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. Finally, BNP Paribas began coverage on Ted Baker plc in a research note on Friday, September 9th. They issued an “outperform” rating and a GBX 3,500 ($43.32) price target for the company.
Shares of Ted Baker plc (LON:TED) traded up 0.59% during midday trading on Wednesday, reaching GBX 2545.00. The company’s stock had a trading volume of 63,378 shares. The stock’s 50 day moving average price is GBX 2,596.08 and its 200 day moving average price is GBX 2,473.85. The firm’s market cap is GBX 1.12 billion. Ted Baker plc has a one year low of GBX 2,069.00 and a one year high of GBX 3,650.00.
The company also recently disclosed a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be issued a GBX 14.80 ($0.18) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Anderson,Charles sold 2,339 shares of the business’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).
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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