Goldman Sachs Group Inc. Reiterates Buy Rating for Ted Baker plc (TED)
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) target price on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 23.38% from the stock’s current price.
Several other research firms have also recently commented on TED. Panmure Gordon reissued a “sell” rating on shares of Ted Baker plc in a research note on Wednesday, July 13th. Liberum Capital reissued a “buy” rating and set a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a research note on Tuesday, July 5th. Canaccord Genuity reissued a “buy” rating and set a GBX 3,571 ($44.20) target price on shares of Ted Baker plc in a research note on Tuesday. 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. Finally, BNP Paribas started coverage on shares of Ted Baker plc in a research report on Friday, September 9th. They set an “outperform” rating and a GBX 3,500 ($43.32) price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Ted Baker plc has an average rating of “Buy” and a consensus price target of GBX 3,205.17 ($39.67).
Ted Baker plc (LON:TED) opened at 2548.50 on Thursday. Ted Baker plc has a 52-week low of GBX 2,069.00 and a 52-week high of GBX 3,650.00. The stock has a 50 day moving average of GBX 2,595.03 and a 200-day moving average of GBX 2,474.35. The firm’s market cap is GBX 1.12 billion.
The company also recently announced a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be issued a GBX 14.80 ($0.18) dividend. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, October 20th.
In other Ted Baker plc news, insider Anderson,Charles sold 2,339 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of GBX 2,276 ($28.17), for a total value 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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