Trade Report: The Peel Hunt Reaffirms Hold Rating for Ted Baker plc (TED)

The Peel Hunt Reaffirms Hold Rating for Ted Baker plc (TED)

Peel Hunt reaffirmed their hold rating on shares of Ted Baker plc (LON:TED) in a research report sent to investors on Tuesday. Peel Hunt currently has a GBX 3,100 ($38.37) target price on the stock.

Other research analysts have also recently issued research reports about the stock. Liberum Capital restated a buy rating and issued a GBX 3,100 ($38.37) target price on shares of Ted Baker plc in a research report on Tuesday, July 5th. Jefferies Group reduced their price target on shares of 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. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 4,300 ($53.22) price target on shares of Ted Baker plc in a research note on Monday, June 27th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 3,571 ($44.20) price target on shares of Ted Baker plc in a research note on Tuesday, June 14th. Finally, BNP Paribas initiated coverage on shares of 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 3,205.17 ($39.67).

Shares of Ted Baker plc (LON:TED) opened at 2551.00 on Tuesday. The company’s 50-day moving average is GBX 2,593.65 and its 200-day moving average is GBX 2,474.88. Ted Baker plc has a 12 month low of GBX 2,069.00 and a 12 month high of GBX 3,650.00. The firm’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. This represents a yield of 0.58%. The ex-dividend date is Thursday, October 20th.

In related news, insider Anderson,Charles sold 2,339 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 2,276 ($28.17), for a total transaction of £53,235.64 ($65,885.69).

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