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.

In other news, insider Donald William Watros sold 100,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of C$10.08, for a total transaction of C$1,008,000.00.

COPYRIGHT VIOLATION WARNING: “Cowen Lowers Hudson's Bay (HBC) Price Target to C$12.00” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/07/cowen-lowers-hudsons-bay-hbc-price-target-to-c12-00.html.

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.

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

Receive News & Ratings for Hudson's Bay Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay Co and related companies with MarketBeat.com's FREE daily email newsletter.