Hudson's Bay Co (TSE:HBC)‘s stock had its “outperform” rating reiterated by analysts at Scotiabank in a note issued to investors on Thursday, reports. They currently have a C$26.00 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 51.60% from the stock’s current price.

Several other analysts have also recently issued reports on HBC. Royal Bank Of Canada increased their target price on shares of Hudson's Bay Co from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, June 2nd. TD Securities lowered their target price on shares of Hudson's Bay Co from C$31.00 to C$30.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. National Bank Financial reiterated a “sector perform” rating and issued a C$18.00 target price on shares of Hudson's Bay Co in a research note on Thursday, July 14th. Finally, CIBC cut shares of Hudson's Bay Co from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$26.75.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

Shares of Hudson's Bay Co (TSE:HBC) traded down 0.35% during mid-day trading on Thursday, hitting $17.09. 142,408 shares of the company traded hands. The stock has a market capitalization of $3.11 billion and a PE ratio of 30.79. The firm’s 50 day moving average price is $17.44 and its 200-day moving average price is $16.61. Hudson's Bay Co has a 1-year low of $14.40 and a 1-year high of $25.26.

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About Hudson's Bay Co

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

Stock Target Prices

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