Shares of Ted Baker plc (LON:TED) reached a new 52-week low on Friday . The company traded as low as GBX 1,839 ($24.03) and last traded at GBX 1,840 ($24.04), with a volume of 48876 shares traded. The stock had previously closed at GBX 1,959 ($25.60).

TED has been the topic of a number of recent analyst reports. Liberum Capital reiterated a “buy” rating on shares of Ted Baker in a research note on Monday, September 10th. Peel Hunt upgraded Ted Baker to an “add” rating in a research note on Friday, August 24th. Barclays reduced their target price on Ted Baker from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “equal weight” rating on the stock in a research note on Friday, October 5th. HSBC initiated coverage on Ted Baker in a research note on Tuesday, July 10th. They issued a “buy” rating and a GBX 2,900 ($37.89) target price on the stock. Finally, Royal Bank of Canada reduced their target price on Ted Baker from GBX 3,000 ($39.20) to GBX 2,500 ($32.67) and set an “outperform” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 2,865.67 ($37.45).

The company also recently declared 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 (LON:TED)

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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