Hudson's Bay Co’s (HBC) Outperform Rating Reiterated at BMO Capital Markets
Hudson's Bay Co (TSE:HBC)‘s stock had its “outperform” rating reiterated by investment analysts at BMO Capital Markets in a research report issued on Tuesday. They currently have a C$25.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 112.77% from the stock’s current price.
HBC has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$9.00 price objective on shares of Hudson's Bay Co in a report on Wednesday, August 30th. Canaccord Genuity dropped their price objective on shares of Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating on the stock in a report on Thursday, September 7th. TD Securities upped their price objective on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, July 21st. National Bank Financial upped their price objective on shares of Hudson's Bay Co from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. Finally, CIBC upped their price objective on shares of Hudson's Bay Co from C$10.50 to C$12.50 in a report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hudson's Bay Co presently has a consensus rating of “Hold” and a consensus price target of C$14.61.
Hudson's Bay Co (HBC) traded up C$0.01 during midday trading on Tuesday, reaching C$11.75. 127,984 shares of the company’s stock traded hands, compared to its average volume of 630,332. Hudson's Bay Co has a 1-year low of C$8.08 and a 1-year high of C$15.35.
Hudson's Bay Co Company Profile
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.
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