Hudson’s Bay Company Rating Reiterated by Scotiabank (HBC)
Hudson’s Bay Company (TSE:HBC)‘s stock had its “sector outperform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Wednesday, StockRatingsNetwork.com reports.
A number of other firms have also recently commented on HBC. Analysts at Canaccord Genuity raised their price target on shares of Hudson’s Bay Company from C$21.00 to C$22.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at CIBC downgraded shares of Hudson’s Bay Company from an “outperform” rating to a “sector performer” rating in a research note to investors on Thursday, December 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$22.10.
Shares of Hudson’s Bay Company (TSE:HBC) traded down 1.47% during mid-day trading on Wednesday, hitting $16.75. The stock had a trading volume of 168,898 shares. Hudson’s Bay Company has a 1-year low of $14.00 and a 1-year high of $21.20. The stock’s 50-day moving average is $18.07 and its 200-day moving average is $18.14.
Hudson’s Bay Company (TSE:HBC) is a North American retailer offering a selection of branded merchandise in Canada and the United States through its three banners.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.