Hudson's Bay (HBC) Price Target Cut to C$12.00
Hudson's Bay (TSE:HBC) had its price objective dropped by equities research analysts at CIBC from C$14.00 to C$12.00 in a research note issued to investors on Thursday. CIBC’s price objective would suggest a potential upside of 15.94% from the company’s current price.
Several other research analysts have also recently issued reports on HBC. Cowen lowered their price objective on Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. National Bank Financial lowered their price objective 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 reaffirmed a “sector perform” rating and set a C$9.00 price objective on shares of Hudson's Bay in a research report on Wednesday, August 30th. TD Securities upped their price objective 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. Finally, Canaccord Genuity lowered their price objective 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. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hudson's Bay presently has a consensus rating of “Hold” and a consensus target price of C$13.39.
Hudson's Bay (TSE:HBC) traded down C$1.55 during trading hours on Thursday, hitting C$10.35. The stock had a trading volume of 1,631,786 shares, compared to its average volume of 607,274. Hudson's Bay has a twelve month low of C$8.08 and a twelve month high of C$13.87.
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.
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