Hudson's Bay (TSE:HBC) had its price objective cut by investment analysts at Canaccord Genuity from C$12.00 to C$11.00 in a report issued on Thursday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 6.28% from the company’s previous close.

A number of other analysts have also recently issued reports on HBC. Royal Bank Of Canada restated a “sector perform” rating and set a C$9.00 target price on shares of Hudson's Bay in a research note on Wednesday, August 30th. CIBC raised their target price on shares of Hudson's Bay from C$10.50 to C$12.50 in a research note on Thursday, September 7th. National Bank Financial raised their target price on shares of Hudson's Bay from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Scotiabank raised their target price on shares of Hudson's Bay from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Finally, TD Securities raised their target price on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$13.39.

Hudson's Bay (TSE:HBC) traded down C$1.55 during midday trading on Thursday, hitting C$10.35. 1,631,786 shares of the stock were exchanged, compared to its average volume of 607,274. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.87.

In other Hudson's Bay news, insider Donald William Watros sold 71,200 shares of Hudson's Bay stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of C$10.60, for a total value of C$754,720.00.

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Hudson's Bay 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.

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

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