Ted Baker plc (TED) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Ted Baker plc (LON:TED) have received an average recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,037.86 ($38.43).

Several research firms have recently issued reports on TED. Jefferies Group LLC raised their price target on shares of Ted Baker plc from GBX 2,820 ($35.67) to GBX 2,900 ($36.69) and gave the company a “buy” rating in a research note on Wednesday. Peel Hunt dropped their price target on shares of Ted Baker plc from GBX 3,100 ($39.22) to GBX 2,750 ($34.79) and set a “hold” rating for the company in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,100 ($39.22) price target on shares of Ted Baker plc in a research note on Tuesday. Royal Bank Of Canada began coverage on shares of Ted Baker plc in a research note on Friday, June 9th. They set an “outperform” rating and a GBX 2,800 ($35.42) price target for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 3,115 ($39.41) price target on shares of Ted Baker plc in a research note on Monday, March 27th.

In other Ted Baker plc news, insider Charles Anderson sold 4,386 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of GBX 2,767 ($35.00), for a total value of £121,360.62 ($153,523.87).

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Ted Baker plc (TED) traded up 5.33% during mid-day trading on Monday, reaching GBX 2470.00. 233,930 shares of the company’s stock were exchanged. The stock has a 50-day moving average of GBX 2,536.28 and a 200-day moving average of GBX 2,725.01. The firm’s market cap is GBX 1.09 billion. Ted Baker plc has a 12 month low of GBX 2,069.00 and a 12 month high of GBX 3,150.00.

The business also recently declared a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, May 18th will be issued a GBX 38.80 ($0.49) dividend. This represents a yield of 1.46%. This is a boost from Ted Baker plc’s previous dividend of $14.80. The ex-dividend date is Thursday, May 18th.

About Ted Baker plc

Ted Baker Plc is a United Kingdom-based global lifestyle company. The Company offers a range of collections, including menswear, womenswear, 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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