Trade Report: The Ted Baker plc (TED) Stock Rating Reaffirmed by Canaccord Genuity

The Ted Baker plc (TED) Stock Rating Reaffirmed by Canaccord Genuity

Ted Baker plc (LON:TED)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued on Tuesday. They currently have a GBX 3,571 ($44.20) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 40.31% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 2,925 ($36.20) target price (down from GBX 3,500 ($43.32)) on shares of Ted Baker plc in a report on Friday, September 23rd. Jefferies Group dropped their price target on Ted Baker plc from GBX 3,000 ($37.13) to GBX 2,820 ($34.90) and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Liberum Capital restated a “buy” rating and set a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research note on Tuesday, July 5th. Peel Hunt restated a “hold” rating and set a GBX 3,100 ($38.37) price target on shares of Ted Baker plc in a research note on Tuesday. Finally, BNP Paribas initiated coverage on Ted Baker plc in a research note on Friday, September 9th. They set an “outperform” rating and a GBX 3,500 ($43.32) price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 3,169.33 ($39.22).

Ted Baker plc (LON:TED) opened at 2520.12 on Tuesday. The firm’s 50-day moving average is GBX 2,595.03 and its 200 day moving average is GBX 2,474.35. Ted Baker plc has a 1-year low of GBX 2,069.00 and a 1-year high of GBX 3,650.00. The company’s market cap is GBX 1.11 billion.

The company also recently announced a dividend, which will be paid on Friday, November 18th. Investors of record on Thursday, October 20th will be given a GBX 14.80 ($0.18) dividend. 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 company’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 value of £53,235.64 ($65,885.69).

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