Several other analysts also recently issued reports on the company. Royal Bank of Canada lowered their price target on Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an outperform rating for the company in a report on Monday. Barclays lowered their price target on Ted Baker from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an equal weight rating for the company in a report on Friday, October 5th. Liberum Capital lowered their price target on Ted Baker from GBX 3,300 ($43.12) to GBX 3,100 ($40.51) and set a buy rating for the company in a report on Thursday, October 4th. Finally, HSBC began coverage on Ted Baker in a report on Tuesday, July 10th. They issued a buy rating and a GBX 2,900 ($37.89) price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 2,865.67 ($37.45).
LON TED traded down GBX 119 ($1.55) during trading hours on Thursday, hitting GBX 1,840 ($24.04). The company had a trading volume of 48,876 shares, compared to its average volume of 51,572. Ted Baker has a fifty-two week low of GBX 2,286 ($29.87) and a fifty-two week high of GBX 3,244 ($42.39).
The firm also recently announced a dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 11th will be paid a dividend of GBX 17.90 ($0.23) per share. The ex-dividend date is Thursday, October 11th. This represents a dividend yield of 0.86%.
About Ted Baker
Ted Baker Plc engages in the design, wholesale, and retail of menswear, womenswear, and accessories under the Ted Baker name. The company operates through three segments: Retail, Wholesale, and Licensing. It offers a range of collections, including global, phormal, endurance, accessories, bedding, children's wear, crockery, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles, and watches.
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