Published On: Tue, Sep 6th, 2016

Ted Baker plc (TED) Earns ” Buy” Rating from Goldman Sachs Group Inc.

Ted Baker plc (LON:TED)‘s stock had its ” buy” rating reissued by research analysts at Goldman Sachs Group in a report released on Tuesday. They currently have a GBX 3,500 ($46.62) target price on the stock. Goldman Sachs Group‘s price target suggests a potential upside of 26.95% from the company’s current price.
In related news, insider Anderson,Charles sold 2,339 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 2,276 ($30.31), for a total value of £53,235.64 ($70,905.22).
Ted Baker plc (LON:TED) opened at 2756.00 on Tuesday. The company’s market cap is GBX 1.21 billion. The company’s 50-day moving average price is GBX 2,430.37 and its 200-day moving average price is GBX 2,530.93. Ted Baker plc has a 52-week low of GBX 2,069.00 and a 52-week high of GBX 3,650.00.

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Several other research analysts have also issued reports on the company. Canaccord Genuity restated a “buy” rating and set a GBX 3,571 ($47.56) target price on shares of Ted Baker plc in a research report on Tuesday, June 14th. Peel Hunt restated a “hold” rating and set a GBX 3,100 ($41.29) target price on shares of Ted Baker plc in a research report on Tuesday, August 2nd. Panmure Gordon restated a “sell” rating on shares of Ted Baker plc in a research report on Wednesday, July 13th. Liberum Capital restated a “buy” rating and set a GBX 3,100 ($41.29) target price on shares of Ted Baker plc in a research report on Tuesday, July 5th. Finally, Jefferies Group dropped their target price on Ted Baker plc from GBX 3,000 ($39.96) to GBX 2,820 ($37.56) and set a “buy” rating for the company in a research report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Ted Baker plc presently has a consensus rating of “Hold” and a consensus price target of GBX 3,218.20 ($42.86).
Ted Baker PLC is a United Kingdom-based global lifestyle company. The Company is principally engaged in the design, wholesale and retail of menswear, womenswear and related accessories. The Company operates through three segments: retail, wholesale and license income. The retail segment operates stores and concessions across the United Kingdom, continental Europe, North America and Asia, and an e-commerce business based in the United Kingdom.

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