National Bank Financial Lowers Hudson's Bay (HBC) Price Target to C$12.00
Hudson's Bay (TSE:HBC) had its target price lowered by National Bank Financial from C$14.00 to C$12.00 in a report released on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 15.94% from the company’s current price.
Several other research analysts have also commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research report on Tuesday, November 14th. Royal Bank Of Canada cut their price objective on Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, September 8th. CIBC lifted their target price on Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. Scotiabank lifted their target price 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. Finally, TD Securities lifted their target price 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. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hudson's Bay presently has an average rating of “Hold” and a consensus target price of C$13.39.
Hudson's Bay (HBC) traded down C$1.55 during trading hours on Thursday, reaching C$10.35. The company’s stock had a trading volume of 1,631,786 shares, 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.
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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.
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