Ted Baker (TED) Price Target Lowered to GBX 2,000 at Goldman Sachs Group

Ted Baker (LON:TED) had its price objective lowered by Goldman Sachs Group from GBX 2,750 ($35.93) to GBX 2,000 ($26.13) in a research note published on Friday morning. Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also issued reports on TED. Liberum Capital cut their price objective on shares of 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. Peel Hunt reaffirmed an add rating and set a GBX 2,400 ($31.36) price objective (down from GBX 2,800 ($36.59)) on shares of Ted Baker in a report on Thursday, October 4th. Barclays cut their price objective on shares of 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. Royal Bank of Canada cut their price objective on shares of 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, October 15th. Finally, HSBC reaffirmed a buy rating on shares of Ted Baker in a report on Wednesday, November 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ted Baker presently has a consensus rating of Buy and an average target price of GBX 2,726.78 ($35.63).

TED traded down GBX 18 ($0.24) during trading on Friday, reaching GBX 1,493 ($19.51). 203,233 shares of the company traded hands, compared to its average volume of 51,572. Ted Baker has a 12-month low of GBX 2,286 ($29.87) and a 12-month high of GBX 3,244 ($42.39).

The business also recently disclosed a dividend, which was paid on Friday, November 23rd. Shareholders of record on Thursday, October 11th were issued a dividend of GBX 17.90 ($0.23) per share. This represents a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 11th.

Ted Baker Company Profile

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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