Canaccord Genuity Reiterates Buy Rating for Ted Baker plc (TED)
Ted Baker plc (LON:TED)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a research note issued on Thursday. They currently have a GBX 3,571 ($44.62) price objective on the stock. Canaccord Genuity’s price target indicates a potential upside of 37.93% from the stock’s current price.
A number of other research analysts have also recently commented on TED. Liberum Capital restated a “buy” rating and set a GBX 3,100 ($38.73) price objective on shares of Ted Baker plc in a research note on Thursday. Peel Hunt restated a “hold” rating and set a GBX 3,100 ($38.73) price objective on shares of Ted Baker plc in a research note on Thursday. Jefferies Group restated a “buy” rating and set a GBX 2,820 ($35.23) price objective on shares of Ted Baker plc in a research note on Tuesday, October 11th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 3,140 ($39.23) price objective on shares of Ted Baker plc in a research note on Thursday, October 13th. Finally, BNP Paribas began coverage on Ted Baker plc in a research note on Friday, September 9th. They set an “outperform” rating and a GBX 3,500 ($43.73) price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Ted Baker plc currently has a consensus rating of “Buy” and a consensus price target of GBX 3,205.17 ($40.04).
Ted Baker plc (LON:TED) opened at 2589.0000 on Thursday. The company’s 50-day moving average price is GBX 2,519.33 and its 200-day moving average price is GBX 2,468.47. Ted Baker plc has a 1-year low of GBX 2,069.00 and a 1-year high of GBX 3,579.00. The stock’s market cap is GBX 1.14 billion.
The firm also recently declared a dividend, which was paid on Friday, November 18th. Investors of record on Thursday, October 20th were paid a GBX 14.80 ($0.18) dividend. This represents a dividend yield of 0.58%. The ex-dividend date was Thursday, October 20th.
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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