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.

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

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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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