Cowen Lowers Hudson's Bay (HBC) Price Target to C$12.00
Hudson's Bay (TSE:HBC) had its price objective lowered by stock analysts at Cowen from C$14.00 to C$12.00 in a research note issued on Thursday. Cowen’s price target would indicate a potential upside of 15.94% from the stock’s current price.
Several other equities analysts also recently weighed in on HBC. National Bank Financial dropped their price target on Hudson's Bay from C$14.00 to C$12.00 and set a “sector perform” rating for the company in a research report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and set a C$9.00 price target on shares of Hudson's Bay in a research report on Wednesday, August 30th. TD Securities raised their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Canaccord Genuity dropped their price target on Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating for the company in a research report on Thursday, September 7th. Finally, Scotiabank raised their price target on Hudson's Bay from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$13.39.
Hudson's Bay (TSE:HBC) traded down C$1.55 during midday trading on Thursday, reaching C$10.35. The company had a trading volume of 1,631,786 shares, compared to its average volume of 607,274. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.87.
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About Hudson's Bay
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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